Great Southern branches out
Agribusiness fund manager Great Southern has branched out into equity investments with the launch of two new funds.
The two new funds — GSFM All caps Australian Share fund and GSFM Blended Domestic and Global Property Securities Fund — will be managed by three boutique fund managers.
The All Caps fund will be managed by Adam Smith Asset Management and will focus on listed companies with differing market caps.
Adam Smith has previously only been available to wholesale investors and this will be the fund manager’s first exposure to the retail market.
The property fund will be managed by SG Hiscock and Perennial with a blend of 60 per cent Australian property securities and 40 per cent international REITs.
Great Southern managing director John Young said the fund manager will still offer agribusiness investments, but felt it was time to expand into other areas.
“We now believe it is time to leverage our success in this area and offer the market a broader range of funds, with ‘best of breed’ investment managers and innovative structures,” he said.
“The launch of these two new funds marks a significant milestone in Great Southern’s history and our foray into the broader market of traditional funds management.”
The new funds will be promoted through Great Southern’s existing sales force to financial planners and accountants.
Last month Great Southern launched its Rural Opportunities Fund, which is a securitised agribusiness fund stemming from its takeover of Rural Funds Management.
Recommended for you
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
With cyber security at AFSLs identified as an ASIC enforcement priority, a technology recruiter has shared what these specialists are expecting to earn in the financial services sector.
