Investment in unlisted trusts growing

investments ACSA

22 March 2018
| By Hannah Wootton |
image
image
expand image

Investment in unlisted trusts grew to over 750,000 transactions in the six months to 31 December, 2017, with the asset type now representing a large portion of institutional investment, according to the Australian Custodial Services Association (ACSA).

ACSA said that while unlisted unit trusts (also known as managed funds) had traditionally been a problematic security type, they were showing growing popularity.

Challenges faced by those investing in unlisted trusts include a lack of central exchange, a high incidence of non-standard and manual processes, and no constituent data depository for key managed fund characteristics.

ASCA said that it was working with the market to identify areas of reform to help improve investment in the asset type for owners, fund managers and other participants.

It pointed toward the development of the Asia Region Funds Passport and Corporate Collective Investment Vehicles, both of which are underpinned by government policy, as examples of emerging opportunities to improve the managed fund space.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

8 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 13 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 11 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 14 hours ago