Navigator today announced the addition of seven new funds to its fund list available through its Personal Investment Plan and Personal Retirement Plan services.
Navigator today announced the addition of seven new funds to its fund list available through its Personal Investment Plan and Personal Retirement Plan services. The funds are:
- Basis Aust-Rim Opportunity Fund*
- Basis Yield Fund*
- INVESCO Wholesale Australian Share Fund
- IOOF/Perennial Global Property Trust
- Macquarie Global Private Equity Securities Fund
- Schroder Fixed Income Fund
- Walter Scott Global Equity Fund
*Available only via the Personal Investment Plan
The funds were made available for investment from 1 July 2006.
Navigator's research manager Stuart Fechner said: "There is no single investment theme across the funds that have been added. The funds represent a broad range of managers, sectors and different investment strategies.
"It is important that we continue to meet the varying investment interests and needs of both advisers and clients and to ensure that we offer a broad and well-rounded range of quality investment managers and funds."
The process of adding new funds incorporates a manager and fund due diligence questionnaire, but also includes feedback from financial advisers.
"We've experienced a varied range of interest in different funds in recent months, especially in regards to funds with quite specific investment strategies," said Fechner. "The funds added are reflective of this, incorporating exposure specifically to assets such as private equity, fixed income and yield focus as well as emerging and developing sectors such as global property.
"Navigator has offered global property funds for close to 12 months, yet we have seen sustained interest in this asset class as well as an increasing range of funds being made available in this sector," Fechner added.
The majority of investments made via the Navigator Personal Investment Plan and the Navigator Personal Retirement Plan are into the more traditional asset classes including Australian shares, international shares and Australian property.
"In the year to the end of March 2006 we had just over 50% of gross investments made into the three primary growth asset classes of Australian shares, Australian listed property and global shares. This breakdown was almost unchanged as compared to the 12-month period, being calendar year 2005," said Fechner.
"It is important, however, that we provide a range of choice to more specific or niche investment types. This provides flexibility for advisers and their clients in having the ability to tailor a portfolio to specific client needs and objectives," he added.
Navigator investment options include more than 190 managed funds and a range of ASX-listed shares.
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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 sixth 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$78.6 billion, and more than A$645 billion of assets under management (as at 7 July 2005). The group has more than 60,000 employees and 30 million customers worldwide.
- The information in this document reflects Navigator Australia Limited's ('Navigator') ABN 45 006 302 987 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. A PDS is available from NULIS or your financial adviser. Applications to invest in investment product(s) through the investor directed portfolio service ("IDPS"), operated by Navigator, must be made by completing the application form attached to the applicable IDPS Guide Offer Document and Investment Allocation Authority. 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.