L1 Capital’s fund added to Macquarie platforms
L1 Capital has announced that its UK Residential Property Fund III has been added to the investment menus of Macquarie Wrap platforms, the Macquarie Investment Manager and Macquarie Investment Consolidator.
The investment menus would also include Netwealth Accelerator Plus, HUB24 and Powerwrap.
Fund’s chief investment officer, Kee Gan, said: “The addition will open a significant part of the private wealth market for us, and we look forward to partnering with many quality advice practices who use them.
“These platforms are some of the leading providers of administration services to wealth advisers in the country.”
At the same time, the fund was rewarded with a superior/high investment grade rating from SQM Research, which praised the fund for its diversification and the ability of the manager to acquire properties at a meaningful discount, the timely acquisition of income generating properties, and low management fees.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
