Daintree Capital is launching an NZD unit class for its Core Income Trust.
It said the move came in response to growing adviser demand.
Designed to deliver a net performance of the RBA cash rate plus 200 basis points, the Core Income Trust has consistently met its performance objectives.
Founding Daintree Capital Director Mark Mitchell said: “On one of our recent trips to New Zealand we discovered a significant appetite from advisers seeking a diversified portfolio of global debt, that provided higher returns, better liquidity and greater diversification benefits than a single term deposit.”
Castle Point Funds Management has opted to include the Core Income Trust as one of the defensive strategies in its 5 Oceans Fund.
New Zealand representative for Daintree Capital Clayton Coplestone, director of Heathcote Investment Partners, said it took Heathcote a number of years of appraising potential global debt solutions before it discovered the Daintree team.
“We continue to be impressed by their robust investment process and focus on capital preservation that distinguishes them from others.”
Daintree Capital recently presented at the Heathcote Investment Partners “Meet the Managers” roadshow, where a number of delegates commented on the timing and need for a NZD gateway.
Founding Daintree Capital director Justin Tyler said: “We received strong positive feedback from advisers who attended the Meet the Managers roadshow and were looking for alternatives to traditional term deposits. We have been overwhelmed with the volume of inquiries that have followed, and felt that a NZD unit class demonstrated our long term commitment to the New Zealand industry.”
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