Apostle launches Dundas offering


Apostle Asset Management this week confirmed the launch of its new product into the market - the Apostle Dundas Global Equity Fund.
It said the new offering was targeted at both institutional and retail investors and brought together the investment expertise of Apostle’s newest affiliate manager, Edinburgh-based Dundas Global Investors.
Dundas manages a single investment strategy in global equities, using a bottom-up fundamental approach.
It relies on its own research to seek out companies with sustainable dividend growth, with no distinction made between emerging and established markets.
Commenting on the launch, Apostle managing director, Karyn West said the company had already received expressions of interest from clients.
"The Apostle Dundas Global Equity Fund seeks to target dividend growth in excess of the MSCI All Country World index and to also exceed inflation, to provide the income and capital protection that both accumulation phase and drawdown phase investors require,” she said.
The Apostle Dundas Global Equity Fund charges an investment management fee of 0.35 per cent per annum for the institutional share class.
Equity Trustees Limited has been appointed responsible entity and trustee of the fund.
Recommended for you
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
Private wealth manager Escala Partners has launched an end-to-end investment platform to strengthen its alternatives capability as clients seek sophisticated vehicles.
Perpetual Wealth Management has hired two advisers from Ord Minnett as part of five hires, just weeks after the rival firm announced it had picked up six from Perpetual Private.
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.