Rabobank nets eight new funds
RaboPlus, the online banking division of Rabobank Australia, has added eight new funds from Challenger Managed Investments to its online managed funds stable and has temporarily reduced entry fees for all managed funds from 0.75 per cent to 0.25 per cent until January 2, 2008.
Some of RaboPlus’ new wholesale funds include a leading commercial mortgage fund, a portfolio of listed equities in the Asian region, a diversified portfolio of high yield fixed interest hybrid securities, and a socially responsive share fund, which provides investors with the opportunity to integrate their social values with long-term investment objectives.
RaboPlus senior manager of investments and managed funds Tim Hewson said the new funds expand the choice available by offering funds that provide income solutions to investors, as well as specialist Australian and Asian equity portfolios.
“Where RaboPlus differs in the market is that investors have direct access to a selection of wholesale funds and they can be bought and sold online 24/7 with online consolidation of reports,” Hewson said.
RaboPlus charges no ongoing administrative fees besides the reduced fee of 0.25 per cent on funds invested into. A minimum $250 investment is required to access Rabo’s stable of online managed funds.
Recommended for you
Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures in this area.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
As investors increasingly seek to embed ESG considerations in their portfolios, a specialist adviser has offered tips for financial planners who may feel overwhelmed in tackling these complex topics with clients.
Global investment consultancy bfinance is expanding into offering services for wealth managers as they seek advanced investment strategies for their clients.
