NAB’s new offering
National Australia Bank’s boutique fund manager, Northward Capital, has launched a retail Australian equities fund, Northward Capital Australian Equity Trust.
The fund, which will have an allocation of between 90 and 100 per cent in Australian equities and up to 10 per cent in cash, has a style neutral investment process, which the company believes will have the potential to outperform in all styles of investment markets.
The fund will be available on MLC MasterKey Custom from today and will be added to the MLC MasterKey platform in May.
Commenting on the launch, Northward Capital chief executive Darren Thompson said: “We are excited about the launch of this fund and the opportunity to offer our investment capabilities to retail investors.”
AUTHOR
George Liondis
Recommended for you
A former AMP adviser told the Federal Court how they are scared to turn off their phone after a fellow adviser attempted suicide as Justice McElwaine said the 92 objections “weighed heavily” on his mind.
Providence Wealth Advisory Group has appointed a new chief investment officer, a dedicated position after the role was previously held by its CEO.
While hiring new staff in a financial advice practice inevitably incurs expenses, Striver’s Alisdair Barr says the greater business cost can come from losing the skills of a valuable team member.
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
