Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New managed funds increase options for retail investors

New managed funds increase options for retail investors


Retail investors now have increased access to Australasian equities, with the addition of Devon Funds Management, and two of their funds, to RaboDirect’s online managed funds platform.

The online savings and investment channel of Rabobank, RaboDirect, today announced that the New Zealand-based fund manager would be joining its stable of fund providers, allowing investors further access to the Australasian equity sector.

“We are always reviewing our managed funds platform to make sure we’re providing our customers with a good range of funds and staying up-to-date with what’s happening in the market,” says Michael Courtney, Key Accounts & Investments Manager, RaboDirect.

RaboDirect will offer the Devon Alpha and Devon Trans-Tasman Funds as part of its investment menu, both of which are registered PIE funds*.

No RaboDirect entry fee will apply to these five funds until 12:30pm Friday 11 July 2014 (normal RaboDirect entry fee is 0.75%).

Devon Funds Management is independently monitored by Trustees Executors Limited and BNP Paribas Fund Services Australasia Pty Limited is custodian of the funds’ assets.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Rocket Lab: Launch Expected

Rocket Lab has delayed the roll out of the launch vehicle called Electron by one day, due to weather conditions. The planned launch attempt will now take place on Tuesday, May 23, 2017. More>>

ALSO:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: