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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.

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