OneVue to expand unlisted managed funds access
OneVue is expanding access to managed funds through quoted managed funds and integration through Xplan, following Iress’ acquisition of OneVue.
In an announcement, OneVue said the expansion would be finalised in early 2021 and would:
- Provide access for investors to quoted managed funds on OneVue’s registry; and
- Provide direct access for financial advisers to buy, sell and report all managed funds on OneVue’s registry through Xplan.
It said the new services would provide fund managers and advisers with an automated service from existing technology to reduce risk, cost, and time to market.
OneVue chief executive for fund and platform services, Richard Harris-Smith, said: “Fund managers and advisers are seeking greater flexibility and options to distribute and access funds as investors increasingly focus on convenience and value. These services as announced today will meet this demand.
“The services will bring together existing offerings and demonstrate the strength of a combined OneVue and Iress, following Iress’ recent acquisition of OneVue.”
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.