Clime fund joins Macquarie Wrap
Clime Asset Management has achieved a breakthrough with its Clime Australian Value Fund (CAVF) being added to the Macquarie Wrap platform.
The company announced this week that the fund would be part of the Macquarie Wrap platform (superannuation, investment and pension menus) from July, 2012.
Commenting on the achievement, CAVF chief investment analyst John Abernethy said he believed more advisers were seeking fund managers which valued the market based on a transparent approach and which had a macro-overlay to justify an allocation.
He said the fund's entry onto the Macquarie Wrap had been supported by some larger independent planning groups - something which gave rise to an expectation of strong growth in the fund over the next 12 months.
Recommended for you
Adviser Ratings has revealed almost 400 advisers joined the FAR in the third quarter but, with just seven weeks to go until the education deadline, more than 1,000 could depart in the upcoming two quarters.
Pengana has appointed a senior fund manager from Tyndall Asset Management to join its Australian equities team, who departs after 18 years.
Advisers are underestimating how much time they spend on non-advice work, creating inefficiencies within their practice which has a financial impact on their bottom line, according to Elemnta.
Hudson Financial Planning has partnered with OpenInvest to launch an online investing solution designed to address Australia’s advice accessibility challenge.
