Perennial’s elnvest expands its active ETF business in Australia
eInvest, a distributor of active exchange traded funds (ETF) solutions, which was founded by senior Perennial’s executives, has announced an expansion of its distribution model to provide additional solutions to clients in Australia.
The move followed the 2018 launch of its Income Generator Fund (EIGA), the firm said.
“We have the platform to innovate in areas where active management can truly add value and deliver pioneering solutions in response to the changing needs of clients,” eInvest’s managing director, Camilla Love, said.
“The expansion will give investors choice, flexibility and transparency of independent professionally managed strategies that would otherwise be available to institutional investors.”
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.