Basis Capital launches to retail market

platforms bonds retail investors chief investment officer

31 July 2003
| By Ben Abbott |

Absolute return fund managerBasis Capital Managementhas had its successful flagship fund made available to the retail market, with bothBTandMacquarienow offering the product through their platforms.

The Basis Aust-Rim Opportunity Fund was taken on by both platforms after it received the thumbs up from two research houses and produced consistently outperforming returns.

Basis chief investment officer Steven Howell says the launch to the retail market comes as a result of the favourable ratings the fund has received fromInvestorWeb ResearchandLonsec.

Howell says the fund was given the highest possible rating by both research groups, and as it now has a three-year track record of performance, the fund is starting to be looked at more seriously.

Until now, Basis’ fund was only available to the wholesale investment market, including fund-of-fund investment and to high-net-worth investors, withColonial First StateandBTusing it as part of their alternative allocation.

Howell says Basis has been looking at the retail market for a year because investors are looking for a product that has a focus on absolute returns in all market conditions.

Over the past two years Basis has been able to achieve returns, according to InvestorWeb investment analyst Ben Davis, with an average return of over 13 per cent, with only 2.6 per cent volatility.

Basis has a focus on fixed interest, convertible bonds and market neutral strategies, a focus that Howell says differentiates it from the long short equity managers in the market.

Howell says that within six months, Basis will be releasing a new low duration bond alpha fund that will also be available to both wholesale and retail investors.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 2 weeks ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

6 days 4 hours ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

3 weeks 5 days ago

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day....

5 days 3 hours ago