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New funds on the market for SMSFs

Several Australian asset managers have launched new funds this week with SMSF trustees in their sights.

This morning, BetaShares announced the launch of its BetaShares Managed Risk Global Share Fund, which is trading under the ASX code ‘WRLD’.

According to an announcement from the fund manager this morning, the fund is designed to provide exposure to a broadly diversified portfolio of global shares with reduced volatility and cushioned downside risk.

“While the fund is expected to have broad application and be suitable for a variety of investors, it has been specifically designed to meet the needs of SMSFs and Baby Boomers, who are seeking global equity exposure but who may be concerned about uncertain financial markets,” BetaShares stated.

On Monday, Perpetual also announced the launch of a global wholesale share fund with currency hedging, which will be available to individual investors, SMSF trustees and wholesale investors.

Perpetual’s global equities portfolio manager Garry Laurence said the fund is available to SMSF trustees with a minimum of $25,000 to invest and will allow them to minimise the impact of movements in the Australian dollar on their international investments.

“With around 98 per cent of the world’s investment opportunities located outside Australia, investors have the opportunity to access companies operating in different regions – and industries – than what they would traditionally find in Australia,” said Mr Laurence.

“As a result of this, some investors and their advisers may be concerned about the impact of an appreciating Australian dollar, which can have both a positive and negative impact on their investment returns.”

Further, AMP Capital has added an infrastructure fund to its SMSF Suite off the back of demand from trustee investors.

According to a statement from AMP Capital, Core Infrastructure Fund offers retail investors access to direct infrastructure assets, typically only available to large institutional investors.

It invests in a targeted 50-50 mix of direct infrastructure and listed infrastructure securities.

“Infrastructure is a growing investment trend for our SMSF customers, particularly those who are looking for defensive assets to add to their portfolio,” said AMP Capital’s head of SMSF Tim Keegan.

AMP Capital said that during the five years to 31 December, the AMP Capital Core Infrastructure Fund outperformed its benchmark and delivered a return of 11.3 per cent per annum, including a cash yield of 6.6 per cent per annum.

During the same period, comparing the fund to the S&P/ASX 200 Accumulation Index, the Core Infrastructure Fund delivered 162 per cent of the return of Australian equities with 40 per cent of the volatility, AMP Capital stated.

The SMSF Suite, an initiative of AMP Capital, was launched in May 2014in an attempt to put selected managed funds on the radar of SMSF trustees.

New funds on the market for SMSFs
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