Netwealth launches new Magellan AM mandates

netwealth/Magellan-asset-Management/infrastructure-fund/global-equities/matt-heine/

1 September 2020
| By Oksana Patron |
image
image
expand image

Netwealth has added two new mandated strategies from Magellan Asset Management to its global specialist series (GSS) investment range. 

Both Magellan GSS Global Equities and GSS Infrastructure Funds, which were based on the same strategy as Magellan’s flagship funds, would offer advisers and investors an active exposure against the backdrop of a sector-focused strategy. 

The two funds would be available in Netwealth’s core account option and its plus account option, the firm said. 

“Advisers have been asking for a greater range of strategic investment options in our core account offer and hopefully with this addition we have provided  them with more options to construct portfolios to meet their client’s needs,” Netwealth’s joint managing director, Matt Heine, said. 

Magellan’s general manager of distribution, Frank Casarotti, said that both companies had been working together since 2007 and Magellan had over $1.37 billion funds under management (FUM) on Netwealth’s platforms to date. 

The inclusion of the new Magellan GSS products would allow the firm to further support advisers looking to build diversified portfolio solutions for their clients, he added. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 4 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 3 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 2 days ago

TOP PERFORMING FUNDS