La Trobe fund hits $2b

La-Trobe/

13 February 2018
| By Oksana Patron |
image
image
expand image

La Trobe Financial’s retail Credit Fund has hit $2 billion in funds under management (FUM) milestone while total Group FUM has reached $5 billion.

La Trobe Financial’s chief investment officer, Chris Andrews said that the fund saw a higher proportion of self-managed superannuation funds (SMSF) investors.

“Our peer-to-peer offerings have enabled investors to select their investment risk and duration and take more control over their portfolio construction,” he added.

According to the company, its growth in FUM was helped in part by its disciplined investment process as well as its experienced distribution team with a strong client service focused on building relations with financial advisers and investors.

“We’ve seen growing product demand as both investors and their advisers look for ways to achieve return objectives during periods of ongoing uncertainty and volatility across markets,” Andrews said.

Additionally, SQM Research’s Louis Christopher said about the fund’s flagship investment term, the 12 Month Term Account: “The Fund [12 Month Term account] has consistently outperformed the benchmark and the peer average and managed to maintain a consistent return at 5.2 per cent per annum since 2015 while the peer group and the benchmark index have fallen over the year, which has been driven by all-time low cash rates and increased competition from the banks resulting in the tightening of margins.”

The La Trobe Financial Credit Fund is available on over ten platforms including Colonial First Wrap, Macquarie Wrap and Netwealth and it was approved for distribution by over 200 approved product lists across Australia.

“Following Blackstone’s entry to our share register as an 80 per cent owner, we are well placed to embark on our next phase of growth,” Andrews added.

“We will continue to broaden and evolve our product offering to suit investors’ needs.”

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 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....

4 weeks 1 day 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...

3 weeks 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 6 days ago

TOP PERFORMING FUNDS