La Trobe fund hits $2b
La Trobe Financial’s retail Credit Fund has hit $2 billion in funds under management (FUM) milestone while total Group FUM has reached $5 billion.
La Trobe Financial’s chief investment officer, Chris Andrews said that the fund saw a higher proportion of self-managed superannuation funds (SMSF) investors.
“Our peer-to-peer offerings have enabled investors to select their investment risk and duration and take more control over their portfolio construction,” he added.
According to the company, its growth in FUM was helped in part by its disciplined investment process as well as its experienced distribution team with a strong client service focused on building relations with financial advisers and investors.
“We’ve seen growing product demand as both investors and their advisers look for ways to achieve return objectives during periods of ongoing uncertainty and volatility across markets,” Andrews said.
Additionally, SQM Research’s Louis Christopher said about the fund’s flagship investment term, the 12 Month Term Account: “The Fund [12 Month Term account] has consistently outperformed the benchmark and the peer average and managed to maintain a consistent return at 5.2 per cent per annum since 2015 while the peer group and the benchmark index have fallen over the year, which has been driven by all-time low cash rates and increased competition from the banks resulting in the tightening of margins.”
The La Trobe Financial Credit Fund is available on over ten platforms including Colonial First Wrap, Macquarie Wrap and Netwealth and it was approved for distribution by over 200 approved product lists across Australia.
“Following Blackstone’s entry to our share register as an 80 per cent owner, we are well placed to embark on our next phase of growth,” Andrews added.
“We will continue to broaden and evolve our product offering to suit investors’ needs.”
AUTHOR
Oksana Patron
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
