Nikko’s new global equities fund driven by demand
Nikko Asset Management Australia will release a new international equities funds driven off the back of investor demand and resourced from its boosted international equities team.
The Nikko AM Global Share Fund will aim to achieve capital growth over the long term, with total returns before fees, expenses and taxes at 3 per cent above the MSCI All Countries World ex Australia Index over rolling three-year periods.
The fund will receive its exposure to global equities by investing in the Nikko AM Global Equity Fund with the Global Equity team of Nikko Asset Management Europe acting as investment manager for the strategy.
Nikko Asset Management Australia, Managing Director, Sam Hallinan said the fund was being offered "in recognition of the demand for high performing, concentrated global equity capabilities" and its roll-out was "one of the benefits of being part of a global asset manager".
K2 Asset Management will also launch a new global equities fund — the K2 Global Equities Fund - as a listed version of its existing K2 Global High Alpha
The new fund listed on the ASX on 20 July under the code KII and is being pitched to self-managed superannuation funds and self-directed investors looking for offshore exposure.
K2 Asset Management, co-founder and Lead Portfolio Manager at KII, Campbell Neal said the fund had an open-ended trust structure instead of a close-ended LIC structure and would be actively managed and be its own market maker.
Boutique fund manager, Prime Value Asset Management has also launched a new fund pitched a self-directed investors with the roll-out of its Prime Value Cash Plus Fund, to retail investors.
The fund, which invests in a portfolio of income-producing securities, has previously been available to high net worth and foreign investors, and aims to outperform the Reserve Bank of Australia's (RBA) cash rate with minimal risk of capital loss.
Prime Value, Head of Retail Distribution, David Glascott said the fund was compliant with the Significant Investor Visa (SIV) scheme, and had attracted considerable interest from high net worth offshore investors and currently has $70 million in funds under management.
AUTHOR
Jason Spits
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