AFM is offering investment opportunities aimed at domestic and international high net worth investors seeking exposure to Australian markets. The investment options are managed funds tailored to the needs of high net worth international clients looking to qualify under the government’s SIV program.
AFM managing director Avi Naidu said that the managed funds were the direct result of enquiries they had received from foreign clients. Mr Naidu said that Aura was excited about offering their clients access to the two new funds, which include the Australian core property fund and the Australian strategic equities fund.
“We are confident that the SIV program will have important added benefits for the broader Australian economy. The SIV is designed to attract both strategic capital investment and sophisticated entrepreneurs, which will invariably have a positive impact”, said Mr Naidu.
AFM has appointed McGrath Estate Agents as strategic advisor to its Australian Core Property Fund. McGrath’s founder and chief executive, John McGrath, will be joining AFM’s senior advisory committee. This committee will focus on macroeconomic and demographic trends to provide strategic guidance and advice to AFM’s asset management team.
Mr Naidu said Mr McGrath’s industry knowledge and wealth of experience would be an asset to AFM’s senior advisory committee. “John brings keen market awareness and proven ability to identify strategic real estate investment opportunities,” said Mr Naidu.
Albert Ovidi, chief operating officer of global real estate services firm Jones Lang LaSalle will also be joining the AFM committee. Based in Singapore, Mr Ovidi will bring a unique perspective and insight into the needs of investors based throughout the Asia region, Mr Naidu said.
