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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news