Agribusiness Great Southern will provide a new menu of products outside its investments line with the roll out of new managed funds.
The two funds, the GSFM All Caps Australian Share Fund and the GSFM Blended Domestic and Global Property Securities Fund are the first non-agriculture based funds for the company.
They will be managed under the Great Southern Funds Management responsible entity and distributed through Great Southern’s network of financial advisers and accountants.
GSFM All Caps Australian Share Fund will be managed by Adam Smith Asset Management.
GSFM Blended Domestic and Global Property Securities Fund will be managed in tandem by SG Hiscock & Company and Perennial Investment Partners.
The launch of the two funds follows the release last month of Great Southern’s new Rural Opportunities Fund, a unitised managed fund that provides investors with exposure to a diversified portfolio of agricultural assets, with a bias towards rural property and infrastructure holdings.
Late last week Timbercorp deputy chief executive Sol Rabinowicz announced the group would undergo a major shift in its business model with the group set to evolve into a broad based investment manager.
Timbercorp is planning to develop a whole range of both retail and wholesale investment opportunities, which will be based around assets in Australia and overseas, he said.
