Nine more funds for Macquarie Wrap
The Macquarie Financial Services Group has selected nine funds out of a group of 30 to add to the investment menu of its flagship platform product Macquarie Wrap Solutions.
The new funds now available on the platform product are the Colonial First State Wholesale bond fund, the Dimensional Core Equity Fund, EQT Pimco Wholesale Global Bond Fund, the Maxim Property Securities Fund, the OMIP Eclipse Limited fund and four other multi-manager offerings from the Russell Investment Group.
The move was in response to advisers who said they wanted access to the funds via the platform, and came as part of the monthly review of the Macquarie investment menu performed by a panel of experts.
“Macquarie Wrap is pleased to be able to continuously increase the menu to meet the ever-evolving investment opportunities identified by investors,” Macquarie head of wrap product Doug Chang said.
“The addition of the Russell funds further increases the range of multi-manager investment options on the menu and has been included at the request of some key dealer group clients,” he added.
The extra nine funds now on the Macquarie Wrap Solutions menu bring the total number of funds available to investors via the product to 530.
The Macquarie platform was recently ranked third in the market by financial planners as part of the annual Assirt/Wealth Insights Service Level Survey.
AUTHOR
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
