RaboPlus reduces brokerage on 'fund of the month'
RaboPlus will drop its brokerage to 0.25 per cent on its ‘fund of the month’, the BT Wholesale Imputation Fund, during April.
RaboPlus began its ‘fund of the month’ initiative last year, which allows investors to gauge the type of funds other investors are choosing while at the same time making it cheaper for investors to diversify their portfolio, RaboPlus investments manager Tim Hewson said.
The brokerage on the BT Wholesale Imputation Fund for RaboPlus investors will be 0.25 per cent during April, a drop of 0.5 per cent.
Hewson said the low minimum investment amounts and discounted brokerage offered by the group helps to lower the barriers to investing for Australian investors.
The Morningstar five-star rated BT Wholesale Imputation fund typically holds 35 to 40 large caps, 15 to 20 small caps and some cash. The fund’s current exposure to small caps is around 3 per cent and 3 per cent in cash, RaboPlus said.
The fund’s top holdings are BHP Billiton, Telstra, CBA, Westpac, ANZ, NAB, QBE Insurance, Westfield, Rio Tinto and Westfarmers.
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