Boost for fixed interest fund
Wednesday, August 30th 2017, 12:23PM
The NZ-domiciled Hunter Global Fixed Interest Fund has almost half a billion dollars under management less than six months after launching.
Tony Hildyard said the rapid take-up of the Global Fixed Interest Fund had been a surprise.
“We initially targeted $200 million as a minimum to make the fund viable, and thought perhaps there was demand in the current year for up to $300m.
“But we’ve been overwhelmed by the immediate investor support – both retail and institutional - for the fund, which validates our decision to create a quality global bond solution tailored explicitly for NZ clients.”
The Hunter Global Fixed Interest Fund taps into the flagship international bond strategy managed by the world’s largest fixed income manager, PIMCO.
It directly holds the underlying assets in a portfolio investment entity (PIE), which is tax-effective for NZ investors compared to offshore- domiciled funds.
It does not invest in companies involved in cluster munitions, armaments production as a primary business, or tobacco.
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