BNP Paribas AM launches Australian equities product
BNP Paribas Asset Management (AM) Australia has announced the launch of a new Australian equities offering.
The BNP Paribas Australian Equity Benchmark Intensive Trust offers a concentrated portfolio of approximately 30 to 40 stocks, targeting a return of six per cent per annum in excess of the S&P/ASX 300 Accumulation Index over rolling five-year periods.
BNP AM Australia said the delegated investment manager of the trust would be Melbourne-based JCP Investment Partners, which is a specialist wholesale Australian-focused equities manager.
David Grybas, BNP AM Australia chief executive, said the partnership was expected to provide investors with access to an Australian equity strategy that has been previously not been available to retail investors.
“This is a natural extension to our already strong line-up of high-conviction global equity strategies,” he said.
The trust is an Australian-domiciled investment vehicle available to both Australian and New Zealand investors, with a minimum investment amount of A$25,000.
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.