Australian Unity thaws mortgage fund freeze
Australian Unity Mortgage Trusts has increased the standing order monthly withdrawal option on its Mortgage Income Trust and Wholesale Mortgage Income Trust from 2 per cent to 3 per cent per month, subject to a $2000 minimum.
Investors can also opt for a one-off withdrawal request for their entire account balance, which the manager will meet on a pro rata basis (meaning investors could potentially redeem greater than three per cent depending on how many other requests are placed).
Standard & Poor’s Fund Services has maintained its two-star ratings on the two funds.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
