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
Ausbil is growing its active ETF range with an ESG product in collaboration with sister company Candriam.
Philanthropic investment group Future Generation’s CEO, Caroline Gurney, will step down from her role at the start of next year.
The newly combined L1 Group is expectant of stabilising Platinum’s falling funds under management within the next 18 months, unveiling four growth pathways and a $330 million equity raise.
Janus Henderson Investors has launched a global small-cap fund for Australian investors, which includes a 5.4 per cent weighting to Australian equities.
