IOOF adds La Trobe credit fund to platform
The IOOF Pursuit Platform has included Blackstone’s flagship La Trobe Financial 12 Month Credit Fund Term Account onto its investment platform.
La Trobe Financial’s chief investment officer, Chris Andrews, said the step was taken following significant demand from the financial adviser market.
“Our 12 Month Term Account is one of our core retail offerings, standing now at $1.3 billion of the total FUM (funds under management),” he said.
“Its capital stable, fixed income profile is built on a highly diversified portfolio and over 65 years of management experience.
“We will continue to execute our time-tested investment philosophy with rigour and discipline and welcome the inclusion on this new platform.”
Michael Watson, La Trobe Financial’s head of major clients, private wealth, said major platforms and licensees were increasingly seeing the importance in partnering with fund managers who offer a genuine point of difference for investors.
“Our addition to IOOF Pursuit will help more advisers meet client requirements in a time of continued volatile markets and low yields,” he said.
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