netwealth has over $3 billion of funds under administration and advice on this platform.
General Manager - Investment & Distribution at netwealth, Stephen Nicholls, said the Morphic fund provided a strategy that advisers were seeking in the current market and good support was expected via the netwealth distribution network.
Managed by Morphic Asset Management, MGOF invests in global equities using a combination of individual stock research and economic 'top-down' analysis.
The fund is marketed mainly to retail investors through financial planners.
Morphic managing director, Jack Lowenstein, said the advantage of a link with netwealth was to make MGOF available to a broad range of investors around the country.
"The feedback we've been receiving is that investors want exposure to global equities at a time of poor returns from local equities and also a fund with long short capability to provide investing flexibility," Mr Lowenstein said.
MGOF opened for investment on August 2, 2012 and in its first two months returned 7.24 per cent after fees, outperforming its benchmark, the MSCI All Countries Total Return Index, by 0.33 per cent.
Among stocks in the portfolio currently are US Home Builders (US, 6.08 per cent of portfolio), Japanese Drug Stores (Japan, 2.61 per cent), Manila Water Company (Philippines, 2.38 per cent), Daiichikosho Co (Japan, 2.25 per cent), Indian Non Bank Finance (India, 2.22 per cent), Valero Energy Group (US, 2.18 per cent), Bob Evans Farms (US, 1.99 per cent) as well as emerging markets indices and commodities, in particular gold and silver.
Minimum investment in MGOF is $10,000, with minimum additional investment of $5,000. The responsible entity is Perpetual Trust Services Ltd, with prime broker being Merrill Lynch International.
