Navigator today announced the addition of the Challenger Microcap Fund to the range of investment options available via its Personal Investment Plan.
Navigator today announced the addition of the Challenger Microcap Fund to the range of investment options available via its Personal Investment Plan.
Challenger launched the fund today (1 April 2005) and it is already available for investment via Navigator. Challenger’s small companies team, headed by James Ring is managing the fund, and has successfully managed funds in this sector for a number of years.
Navigator’s research manager, Stuart Fechner said: "This is an exciting new investment option to make available. There are very few dedicated microcap funds available to retail investors."
"Funds of this nature tend to have high demand, but a limited capacity. It expected that Challenger will close the fund to new investment within the next 12 months. Because of this it’s extremely important to make the fund available to investors as quickly as possible. We are delighted Navigator is first to market in offering the Challenger Microcap fund," Mr Fechner said.
"The fund may be utilised by investors across a broad range of investment structures for ordinary non-super money, and equally it may be accessed by investors with a DIY super fund via the Personal Investment Plan," Mr Fechner said.
"It’s these sort of opportunities and niche type investments that many investors are seeking to add to their portfolio. The range of investment options that can be accessed via the Navigator Personal Investment Plan provides a great range of choice and flexibility for DIY Super investors," said Fechner.
Navigator offers a choice of more than 170 different investment options and access to direct shares.
-ends-
Stuart Fechner is available for interview on 0407 839 080
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 is the Australian funds management arm of Aviva plc. Through these companies we provide products and services in the areas of wealth creation 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$74 billion, and more than A$592 billion of assets under management (as at 17January 2005). The group has more than 51,000 employees and 30 million customers worldwide.
- The information in this document reflects Aviva Australia’s 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. Aviva does not receive any remuneration in relation to the provision of information available from this press release which is of a general nature only.