About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, October 19th, 2:47PM
rss
Latest Headlines

Australian fund manager opens doors to NZ

Bennelong Funds Management has opened its funds to New Zealanders to invest in directly.

Monday, February 13th 2017, 5:59AM

The Australian fund manager has more than A$8 billion under management in Australia, in 11 funds.

Nine are open to new investors.

New Zealanders are now able to invest in three Australian equities funds, one global real estate option, a global infrastructure fund and an absolute return fund, Kardinia Capital.

“There is a strong appetite for Australian funds in New Zealand and our suite of products not only offers diversification but also innovation,” said Bennelong’s chief executive, Craig Bingham.

“It’s a really exciting time here at Bennelong. Due to the success of our boutiques and their funds in the Australian market, we are expanding our distribution footprint on a global scale, including Europe, with the opening of the BennBridge office in London, and the exploration of business opportunities in the United States.”

Andrew Aitken, head of distribution, said there had been a number of requests from New Zealand investors for easier access to Bennelong's funds.

“This is the first stepping stone, we hope for further expansion into New Zealand in future.”

It had been identified as an area of opportunity for the fund manager, he said.

The absolute return product was expected to be the most popular with New Zealand investors.
 

« Financial Advice feedback 'vast'Retirement Income Group gets former finance minister on its board »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Should lawyers give financial advice?
    “A further thought. In the section “What do lawyers think” I can see it is ok for a lawyer to tell someone to put their...”
    9 hours ago by Brent Sheather
  • Should lawyers give financial advice?
    “Good article. I have seen lots of instances where lawyers and accountants give financial advice and whilst most of it is...”
    9 hours ago by Brent Sheather
  • Should lawyers give financial advice?
    “your answer to "should financial advisers give legal or tax advice" should give you some idea if lawyers should give financial...”
    10 hours ago by w k
  • Leverage up your KiwiSaver fund
    “I liked the idea and I was in Booster's geared growth KiwiSaver. But its fees are 3x more than comparable funds, yet the...”
    3 days ago by RanDerson
  • KiwiSaver fees: Paying for performance
    “ANZ just don’t give up do they….actually not surprising as there is little downside to fake news in the NZ finance scene....”
    6 days ago by Brent Sheather
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 5.05 5.19 5.49
ANZ Special - 4.55 4.69 4.99
ASB Bank 5.80 4.75 4.99 5.29
ASB Bank Special - 4.39 4.69 4.99
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.59 4.69 5.09
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 5.00 5.20 -
Housing NZ Corp 5.79 4.75 4.99 5.29
HSBC Premier 5.79 4.19 4.29 4.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.95 5.15 5.59
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.55 4.65 5.09
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special 5.00 - 4.75 -
SBS Bank 5.89 4.99 5.19 5.59
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.59 4.69 5.09
Sovereign 5.90 4.75 4.99 5.29
Sovereign Special - 4.39 4.69 4.99
The Co-operative Bank - Owner Occ 5.75 4.55 4.69 4.99
The Co-operative Bank - Standard 5.75 5.05 5.19 5.49
TSB Bank 5.80 4.80 5.15 5.45
TSB Special - 4.55 4.69 4.99
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.19 ▼5.44
Westpac - Capped rates - 5.26 5.36 -
Westpac - Offset 5.95 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 4.59 4.74 ▼4.94
Median 5.82 4.78 4.99 5.29

Last updated: 13 October 2017 9:47am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com