Resources with a difference
MacquarieWrap has added a resources fund with a difference to its investment menu, managed by Melbourne-based boutique E.I.M Capital Managers.
The difference is that the fund, the Emerging Resources Company Share Fund, is designed to fill a gap in the local resources investment market by looking beyond the BHP Billiton and Rio Tinto’s of the world to take advantage of other opportunities in the sector
It avoids companies relying on earnings growth from higher commodity prices or companies depending on high risk exploration success for market recognition and instead looks for those that feature strong organic growth profiles.
In this way, the fund can be an attractive option for planners with clients who are interested in investing in the sector but are concerned about recent market volatility.
The fund was launched in April 2006 and delivered a 49.6 per cent return for the year to December 2007.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
