Northward Capital, part-owned by National Australia Bank, has launched its first retail fund to tap into the adviser market.
Northward Capital, a boutique fund manager partly owned by National Australia Bank, is targeting inflows from financial planners with the launch of its premiere retail fund.
The Northward Capital Australian Equity Trust (AET) is a style neutral fund designed to outperform any market condition.
It will be available on the MLC MasterKey Custom platform from today and MLC MasterKey from mid-May.
To invest in the fund, a client must have $100,000 of cash sitting in MasterKey Custom, and $5000 for MasterKey.
The fund will have a minimum 90 per cent allocation to Australian equities with the rest in cash.
Previously, Northward managed $1.4 billion on for institutional investors only.
Northward Capital is led by chief executive Darren Thompson and chief investment officer Simon Rutherfurd.
They were both formerly co-heads of equities at Insurance Australia Group's funds management operation prior to its purchase by NAB and nabInvest in November last year.
Retirees face the risk of running out of money. We asked Macquarie Funds Group's head of longevity risk solutions Andrew Robertson how this can be avoided.... Watch»
Many in the industry would have been bogged down in submissions given the plethora of government reviews. Next year it will be the government's turn to act on the reviews. ... read more »
Home delivered!
Daily news, weekday mornings
Get the day's news delivered direct to your inbox. Register here (it's free!) and choose 'yes' to receive the InvestorDaily newsletter.
