Iress expands partnership with Perennial

iress/Perennial/

12 October 2021
| By Liam Cormican |
image
image image
expand image

Iress will support the Perennial-issued global managed fund Daintree Hybrid Opportunities Fund, connecting brokers via CHESS along with its traditional managed fund channels.

The financial technology firm said the expanded partnership would present investors with the choice to access the fund via their broker or online via direct application.

Iress said the dual access to managed funds would mean all transactions would be recorded within a single register, increasing efficiency by removing the administrative friction typically seen from using two separate registry systems for listed and unlisted funds.

Iress’ head of corporate development and market infrastructure, Warwick Angus, said: "Perennial has significant experience and expertise in listed fund distribution and we've been delighted to support them in delivering a dual access option for their managed fund investors.

“The global trend towards fund managers issuing listed funds or exchange traded managed funds (ETMFs) has been gathering pace for some years. Iress now provides our clients with a leading solution that supports both listed and unlisted funds through a single registry system. This new capability is a logical evolution of Iress’ registry product, and we will continue to invest in our listed access channels as part of our strategy to support flexible investment options for our clients.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

4 days 8 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5