Aust Ethical to launch international trust
Australian Ethical will expand further into the global investment arena with the launch of an international trust later this year.
The trust, the Australian Ethical World Trust, will be launched to market mid-way through 2007. It will be the first standalone international trust for the group.
Australian Ethical executive director James Thier said the new trust would be available as both a managed and superannuation strategy, with the possibility of a wholesale offering in the near future. He said another dozen stocks have also been short-listed to be added to the new portfolio.
“At this stage, we would expect that the Australian Ethical Superannuation Fund will also offer a ‘world strategy’ through corresponding investment in the World Trust.”
Their said the push into the international trust market had been in the pipeline for the group for a number of years.
“We’ve been integrating international investments into portfolios for the past four years,” he said. “We wanted to make sure we knew how to do it and put things in place.”
Meanwhile, two of the group’s trusts, the Large Companies Share Trust and the Equities Trust, have been added to Macquarie’s wrap platform.
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