Iress expands partnership with Perennial

iress/Perennial/

12 October 2021
| By Liam Cormican |
image
image
expand image

Iress will support the Perennial-issued global managed fund Daintree Hybrid Opportunities Fund, connecting brokers via CHESS along with its traditional managed fund channels.

The financial technology firm said the expanded partnership would present investors with the choice to access the fund via their broker or online via direct application.

Iress said the dual access to managed funds would mean all transactions would be recorded within a single register, increasing efficiency by removing the administrative friction typically seen from using two separate registry systems for listed and unlisted funds.

Iress’ head of corporate development and market infrastructure, Warwick Angus, said: "Perennial has significant experience and expertise in listed fund distribution and we've been delighted to support them in delivering a dual access option for their managed fund investors.

“The global trend towards fund managers issuing listed funds or exchange traded managed funds (ETMFs) has been gathering pace for some years. Iress now provides our clients with a leading solution that supports both listed and unlisted funds through a single registry system. This new capability is a logical evolution of Iress’ registry product, and we will continue to invest in our listed access channels as part of our strategy to support flexible investment options for our clients.”

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?...

2 months 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 4 weeks ago

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

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND