BT Wrap picks up Legg Mason real income fund
Legg Mason has announced that its Australian Real Income Fund has been added to the BT Wrap platform.
Now sitting on both the InvestmentWrap and SuperWrap, the fund's inclusion reflects financial advisers' growing demand for a greater variety of investment options in the income space, Legg Mason stated.
Consisting of listed property, infrastructure and utilities, Legg Mason portfolio manager Ashton Reid said the solution avoids many of the risks of the sharemarket by offering sustainable yield, liquidity and inflation.
Since the beginning of the year, BT has added 34 funds to its wrap solution.
Recommended for you
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
Betashares has named the top Australian suburbs with the highest spare cash flow, shining a light on where financial advisers could eye out potential clients.
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
