Folkestone’s funds added to CFS FirstWrap
The Folkestone Maxim A-REIT Securities Fund has been added to Colonial First State FirstWrap.
The fund aimed to offer investors a high conviction actively managed investment strategy by delivering a concentrated portfolio of ASX listed real estate securities.
It also looked both inside and outside the S&P/ASX 300 A-REIT Index for attractive investment opportunities, the firm said.
For the year to 31 December 2017 investors received a total return of 11.97 per cent, after fees and bore tax, outperforming the index return of 6.45 per cent by a value add of 5.52 per cent.
Folkestone’ head of funds management, Adrian Harrington said: “We are delighted by the growing adviser demand for the fund.
“Over the last two years, we have seen growing our presence in the retail market with the fund now available on a range of platforms including: Asgard eWrap, Asgard Infinity, BT Wrap, BT Panorama, Hub 24, IOOF Pursuit, Macquarie wrap, Netwealth, Powerwrap, Symmetry and uXchange.
“We also have an SMA with Mason Stevens and are running MDAs for a financial advisory group and a number of Family Office.”
AUTHOR
Oksana Patron
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
