IOOF adds La Trobe credit fund to platform
The IOOF Pursuit Platform has included Blackstone’s flagship La Trobe Financial 12 Month Credit Fund Term Account onto its investment platform.
La Trobe Financial’s chief investment officer, Chris Andrews, said the step was taken following significant demand from the financial adviser market.
“Our 12 Month Term Account is one of our core retail offerings, standing now at $1.3 billion of the total FUM (funds under management),” he said.
“Its capital stable, fixed income profile is built on a highly diversified portfolio and over 65 years of management experience.
“We will continue to execute our time-tested investment philosophy with rigour and discipline and welcome the inclusion on this new platform.”
Michael Watson, La Trobe Financial’s head of major clients, private wealth, said major platforms and licensees were increasingly seeing the importance in partnering with fund managers who offer a genuine point of difference for investors.
“Our addition to IOOF Pursuit will help more advisers meet client requirements in a time of continued volatile markets and low yields,” he said.
Recommended for you
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
The alternative asset manager has expanded its Singapore office with a head of Asian distribution, representing a “critical step” for the Asian business, where it is seeking to launch new offerings.
