Daintree Trust added to new platforms
Daintree Capital’s Core Income Trust has been added to the Mason Stevens and Netwealth platforms.
The move followed the Trust’s recent addition to the HUB24 platform, the company said.
The availability of the trust on platforms would offer adviser clients easier access to Daintree’s fixed income strategy.
Daintree’s capital director and portfolio manager of credit, Mark Mitchell, said the decision was driven by strong demand for income producing strategies in a low interest rate environment, particularly among retirees and other conservative investors who relied on term deposits for their fixed income allocations.
“We are pleased that a growing number of advisers will now be able to access our Trust and provide clients with a higher income than is generally available through term deposit and banking products, with similar credit risk and higher liquidity,” he said.
The trust seeks to produce a return (net of fees) that exceeds the RBA Cash Rate by 1.50 per cent to two per cent per annum over a rolling three-year period.
Recommended for you
Platinum Asset Management saw outflows of $1.65 billion in April, partly as a result of redemptions from institutional mandates and product rationalisation initiatives.
In this latest Meet the Manager profile, Money Management speaks with Ophir Asset Management co-chief executive Andrew Mitchell.
There were 25 winners at the first-ever Australian Wealth Management Awards, held in Sydney tonight.
Economists feel it is likely that the RBA would have discussed the possibility of a rate hike at yesterday’s board meeting, pushing the possibility of rate cuts further down the road.
