Astarra opens diversified funds to retail investors
Astarra Funds Management has made its three diversified funds available to retail investors for the first time in its 15 year existence.
The Astarra conservative, balanced and growth funds have until now only been available to investors via Astarra’s master trust.
However, Astarra “believes financial advisers can utilise these funds to deliver long-term stability, income and growth for their clients”, according to chief executive Rex Phillpott.
“Recent market conditions have led many financial planners to look for better options in regards to building sustainable portfolios for their clients,” Phillpott said.
Many advisers have “begun to recognise that their strengths are in giving advice to their clients” rather than constructing portfolios in which “everyone is an expert in a rising market”.
Phillpott said Astarra incorporates an absolute return philosophy to portfolio construction, which “allows us the flexibility to manage risk while taking advantage of opportunities as they arise”.
Recommended for you
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.
