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 financial advice sector has benefited from a net rise of 11 advisers this week, according to Wealth Data, while AMP Group reports losses as several advisers open their own licensees.
Praemium has updated on the progress of its integration with platform OneVue, which it acquired from Iress earlier this year.
ASIC leadership has waded into the political debate about Qantas flight upgrades, confirming its executives hold membership of the Chairman’s Lounge but denying it affects their regulatory ability.
Perth advisory firm Capital Partners Private Wealth Advisers has announced a new managing director to take over from David Andrew as he steps down after 25 years.
