Monash fund added to BT Wrap
Monash Absolute Investment Fund has been added to BT Wrap's approved product list (APL), Monash Investors' said. The firm said the addition of the fund was a further positive affirmation of the fund's support from financial advisers.
According to Monash Investors' co-portfolio manager, Simon Shields, the fund saw strong interest from advisers who were seeking to complement equity manager in client portfolios as well as their direct and exchange-traded fund (ETF) investments.
He also noted that there was a number of advisers who preferred investments managed to an 'absolute' style versus being 'relative to a benchmark'.
Monash Investors' co-portfolio manager, Shane Fitzgerald, said: "Our point of difference includes our absolute return Australian equities strategy whilst supporting a benchmark unaware and style agnostic approach, attempting to 'reliably grow investor wealth'." The fund is now open to investments directly or by advisers via the Netwealth, Hub24, Powerwrap, ManagedAccounts.com.au, Mason Stevens and Macquarie Wrap channels.
AUTHOR
Oksana Patron
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
As private markets gain traction in Australia but only a limited pool of talent is available, three recruiters explore whether fund managers should consider looking overseas to find top talent.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
