YBR names WA boutique manager for new fund
Non-aligned financial services group Yellow Brick Road has signed Perth based boutique manager NWQ Capital Management to manage the portfolio of its newly launched YBR Protected Equities Fund.
The fund will be offered to retail investors via YBR's advice network or directly through the group's website and is designed to deliver absolute returns similar to the overall share market.
Minimum investment in the fund will be $10,000 with a recommended investment horizon of five years with the fund to offer diversified exposure to eight to twelve specialist fund managers.
Returns have been targeted, after fees, to be between 5 per cent and 8 per cent above the inflation rate over rolling five-year periods with investors offered daily withdrawal requests and distributions paid every six months.
NWQ, Managing Partner and Chief Executive, Jonathan Horton said his group was pleased to be working with YBR to expand its client reach and to offer the benefits of its absolute return approach to investing.
"In Yellow Brick Road, we have found the ideal partner to be able to offer our portfolio management expertise, gained from the many decades of combined funds management experience within the NWQ investment team, to a broader cross section of retail investors."
AUTHOR
Jason Spits
Recommended for you
Bell Financial Group has appointed a chief investment officer who joins the firm from Clime Investment Management.
Private markets funds with “unattractive practices” could find themselves facing enforcement activity with ASIC chair Joe Longo stating he cannot rule it out in the future.
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
