Multiplex Capital expands offering with two new funds
Specialist property investment manager Multiplex Capital has launched two open-ended unlisted property funds: the Multiplex Diversified Property Fund and the Multiplex Property Income Fund.
The diversified fund will provide both direct and indirect exposure to 47 listed and unlisted property trusts, 21 different fund managers and more than 1,750 underlying property assets.
The income fund will comprise of investment in 20 unlisted property funds through nine fund managers with indirect exposure to more than 300 underlying property assets and is expected to produce a steady income stream for investors, with capital stability and minimal risk.
During the construction process Multiplex Capital sought the opinions of platform providers, dealer groups, independent financial advisers and research houses to ensure the products met market needs and expectations.
“Multiplex Capital has identified a market need through dealer group research to provide diversified and stable earnings for investors with platform friendly property products, daily pricing, daily applications and daily redemptions,” Multiplex Capital funds management divisional director Rob Rayner said.
“When we build our funds our key focus is on there being no surprises for advisers, investors, us and the research houses, etc.
“These funds provide increased liquidity and accessibility for the retail investor, particularly the baby boomer, together with an attractive income return.”
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
