The funds being made available to NZ-based investors are The Fiducian Growth Fund, Fiducian India Fund, Fiducian Property Securities Fund, Fiducian Technology Fund, Fiducian Balanced Fund and Fiducian Ultra Growth Fund.
Fiducian’s offering follows through on the planned expansion across the Tasman noted in their 2021 financial year results.
These funds allow investors access to a multi-manager, multi-style and multidisciplined investment process with a tactical asset allocation through a single investment.
At the close of FY21, they had maintained their “superior” rankings on the Morningstar Survey when compared with up to 197 recognised fund managers in their peer groups.
The funds will be made available on the Consilium Wrap and MMC Wealth Administration.
The expansion in NZ comes following a successful financial year of Fiducian, in which the company reported earnings after tax (statutory NPAT) of $12.2 million, an uptick of 16 per cent from 2020.
When commenting on their results, Indy Singh, executive chairman for the group, highlighted the importance of the firm’s ability to adapt to the ever-changing financial landscape.
“This was achieved through a combination of consistent and assured inflows from our financial planning network, a strong recovery in stock markets worldwide and strict controls by management on cost and operational efficiencies,” he said.
Specifically, much of the growth seen was catalysed by the $4.0 billion held in funds under administration within their fund management business.
Fiducian hopes that the extension into NZ will cause this to skyrocket further.
Fiducian was trading at $8 at 12.30 pm on Tuesday, flat on its close of $8.06 the day prior.
