LM Investment Management's Singapore play
Fund manager LM Investment Management (LM) has expanded its global distribution into Singapore.
The company announced it had secured registration with the Monetary Authority of Singapore to allow Singapore accredited investors access to the company's products covering Australia's property markets.
Under the arrangements, Singapore accredited investors can utilise the LM Australian Income Fund to access a rolling 7-day investment that holds only Australian debt securities and cash, and invests in prime opportunities across the well performing property markets of Australia.
LM founder and chief executive Peter Drake said the Singapore registration represented a significant step forward in the strategic international growth of the company.
He said LM was in the final stages of registrations in Canada, United Kingdom, Dublin, Luxembourg and Hong Kong jurisdictions.
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