Folkestone’s funds added to CFS FirstWrap
The Folkestone Maxim A-REIT Securities Fund has been added to Colonial First State FirstWrap.
The fund aimed to offer investors a high conviction actively managed investment strategy by delivering a concentrated portfolio of ASX listed real estate securities.
It also looked both inside and outside the S&P/ASX 300 A-REIT Index for attractive investment opportunities, the firm said.
For the year to 31 December 2017 investors received a total return of 11.97 per cent, after fees and bore tax, outperforming the index return of 6.45 per cent by a value add of 5.52 per cent.
Folkestone’ head of funds management, Adrian Harrington said: “We are delighted by the growing adviser demand for the fund.
“Over the last two years, we have seen growing our presence in the retail market with the fund now available on a range of platforms including: Asgard eWrap, Asgard Infinity, BT Wrap, BT Panorama, Hub 24, IOOF Pursuit, Macquarie wrap, Netwealth, Powerwrap, Symmetry and uXchange.
“We also have an SMA with Mason Stevens and are running MDAs for a financial advisory group and a number of Family Office.”
Recommended for you
The Federal Court has issued its verdict in ASIC's first greenwashing case against Vanguard Investments Australia regarding the use of ESG exclusionary screens.
Investment managers who plan to implement artificial intelligence in the next five years expect to see increased productivity, but views are mixed on whether it will boost revenue and assets under management.
A former corporate adviser has been sentenced in the Supreme Court of Western Australia for insider trading to realise a profit of more than $57,000.
Private markets expertise is sought-after for investment operations hires as allocations to alternative assets rise, according to a recruitment firm, but there is a gap between demand and supply.