Social infrastructure trust rebrands
The Australian Social Infrastructure Fund has been changed to the Folkestone Social Infrastructure Trust, as part of a broader rebranding for Folkestone Limited.
The property trust which invests in social infrastructure said, in an ASX announcement today, that it had rebranded to create a fresh and dynamic identity for the next phase of growth and development.
The investment team will remain unchanged and the rebranding will not have any financial implications for investors or the way the trust manages investments, the announcement said.
Along with the name change, the ASX code will change from AZF to FST, effective 12 June 2014.
Recommended for you
Sydney-based alternative fund manager East Coast Capital Management has formed its first advisory council as it enters its next phase of growth.
With 40 per cent of advice practices looking to increase their ETF usage, the next frontier being embraced is smart beta ETFs with flows doubling in July, providers have said.
Australian ETFs saw flows of $5.8 billion in July, more than double the previous month, and adviser adoption is tipped to help total flows reach $50 billion by the end of the year.
Pinnacle’s London affiliate, Life Cycle Investment Partners, has secured over $15 billion in FUM in its first year and achieved profitability, the firm’s fastest affiliate to do so.
