Netwealth adds 12 funds
By Christine St Anne
Wednesday 18 February 2009
Financial services firm netwealth has added 12 funds to its platform.
"As part of our quarterly review, a number of new funds have been added where opportunities have been identified by advisers. There is no doubt that our list is driven by their requests," netwealth director of distribution and marketing Matt Heine said.
The funds include the Austock High Yield Fund, Fortis Investments High Income Global Property Securities Fund, Vanguard High Yield Fund, Grant Samuel Epoch Global Equity Shareholder Yield Funds (hedged and unhedged), Magellan Global Fund, Walter Scott Global Equity Fund and Patriot Small Companies Fund.
Four funds from van Eyk's Blueprint series were also added - the Diversified Income Fund, Gold Bullion Fund, Listed Property and Infrastructure Fund, and Smaller Companies Fund.
Although markets were volatile, opportunities still existed, Heine said.
"We are certainly not immune to the global financial crisis, however, we are pleased with the number of new opportunities that continue to present themselves," he said.
The netwealth group of companies manages $2.5 billion in funds under advice.
The firm received $100 million of net inflows for the six months to the end of December.
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