By Chris Hutching
Friday 28th March 2003 |
Text too small? |
Mr Smith said he had been talking with financial advisers, brokers and large distribution houses about the funds. He said the biggest challenge facing investment advisers was the disillusionment clients were experiencing in managed funds. Many of the new funds launched in recent months have been variants of hedge funds, with many offering guaranteed return of the initial capital invested in efforts to capture investors cashing up equity funds.
Absolute Capital had seen significant fund inflows from the New Zealand market since launching its retail funds her last year, he said. The Yield Fund had experienced particular success and InvestorWeb, a leading Australian research house, recently issued a "buy" rating for the fund.
"The Yield Strategies Fund is an alternative debt product investing in mortgage securities and collateralised debt securities. The fund is diversified across 50,000 securities, which minimises the impact of any defaults," he said.
No comments yet
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update
BGI - Director Michael Chai
RAD - Final Dividend and Strong FY24 Operating Performance
RYM - Group CEO Update