Navigator today announced changes to the range of investment options available via its Personal Investment Plan and Personal Retirement Plan services.
Navigator today announced changes to the range of investment options available via its Personal Investment Plan and Personal Retirement Plan services.
Navigator now offers a choice of over 170 different investment options.
Funds added to the Navigator fund list are:
- Advance Australian Geared Equity Fund
- Australian Ethical Balanced Trust
- Australian Ethical Equites Trust
- AMP Capital Enhanced Yield Fund
- Centro Direct Property Fund
- Hunter Hall Value Growth Trust
- Perpetual James Fielding Wholesale Property Income Fund
- Tyndall Australian Share Wholesale Portfolio.
The funds are available for investment from 22 November 2004, and mean Navigator now offers a choice of more than 170 investment options.
Navigator’s research manager, Stuart Fechner said the range and diversity of the fund additions demonstrates the wider choice and flexibility a full service platform can offer.
The new investment options ensure suitable choice is provided across a range of different asset classes, and follows feedback from advisers looking for a variety of differing investment types for their clients.
"We have incorporated funds which range from focusing on providing income and yield, such as the AMP Capital Enhanced Yield Fund, to others looking to provide growth, like the Advance Australian Geared Equity Fund," said Stuart.
In recent months, interest in the property sector has progressed from listed property investments to also incorporate direct property. The addition of both the Perpetual James Fielding Wholesale Property Income Fund and the Centro Direct Property Fund, provide the opportunity to gain varying levels of exposure to this market.
"There has been an ongoing level of interest in listed property trust funds on the back of the asset class having performed well over the past year. However, it is widely felt that the listed property market is overvalued and that the returns enjoyed over the past year are unlikely to be sustained over the coming 12 months," Stuart said.
The range of ethical funds offered via the Navigator Personal Investment Plan and Personal Retirement Plan now stands at six, after the addition of two Australian Ethical Funds and one Hunter Hall Fund.
"Although the ethical segment of the market is ‘niche’ in terms of its size, it continues to receive a good level of industry coverage and recognition. Navigator is committed to offering a broad selection of investment types for all investors, regardless of their particular investment focus," Stuart said.
The additional investments are on offer from a range of different fund managers.
"Of the seven fund managers represented, four are new to the Navigator fund list. These being Centro, Tyndall, Australian Ethical and Hunter Hall.
"There is a mix of both large established managers and boutique managers such as Australian Ethical and Hunter Hall. The recent emergence of, and interest in, boutique fund managers appears to be as strong today as it has been over the past year or so," says Stuart.
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For further information, please contact:
Simon Morgan
Group General Manager, Public Affairs
(03) 9829 8892
0407 966 632
Notes to editors:
- Aviva Australia is a group of two specialist financial services companies: Navigator and Norwich Union Life Australia Ltd. Portfolio Partners, the Australian funds management arm of Aviva plc, is a sister company. Through these companies we provide products and services in the areas of wealth creation, wealth management and wealth protection for more than 300,000 customers throughout Australia
- Globally, Aviva Australia is part of Aviva plc, the world’s fifth largest insurance group, the largest insurer in the UK and one of the top five life companies in Europe. Aviva was formed in May 2000 through the global merger of CGU plc and Norwich Union plc
- Aviva is a leading provider of life and pensions products to Europe and has substantial businesses elsewhere around the world. Its main activities are long-term savings, fund management and general insurance. It has premium income and investment sales from continuing operations of A$78 billion, and more than A$624 billion of assets under management (as at 1 July 2004). The group has more than 56,000 employees and 30 million customers worldwide
- The information in this document reflects Navigator Australia Limited's ('Navigator’) understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. In some cases the information has been provided to us by third parties. While it is believed the information is accurate and reliable, this is not guaranteed in any way. The information given in this document is of a general nature and has not taken into account the investment objectives, financial situation or particular needs of any particular person and it is not a substitute for professional advice. Applications to invest in a financial product issued by Navigator, or any of its related entities, must be made by completing the application form attached to the applicable Product Disclosure Statement ("PDS"). A PDS is available from Navigator or your financial adviser. Before making an investment decision on the basis of the information above, a prospective investor needs to consider, with or without the assistance of a professional adviser whether the information is appropriate in the light of their particular investment needs, objectives and financial circumstances.