Business News

SMSFs contribute to La Trobe milestone

Credit investment specialist La Trobe Financial has achieved the significant milestone of $2 billion in funds under management (FUM) in its Credit Fund, with SMSF investors playing a noteworthy part in the result.

Commenting on the landmark feat, La Trobe Financial chief investment officer Chris Andrews said: “One significant factor in the $2 billion milestone is that La Trobe Financial is seeing a higher proportion of SMSF investors in the fund. Our Credit Fund is playing an increasing role in portfolio diversification for SMSF investors.

“Our peer-to-peer offerings have enabled investors to select their investment risk and duration and take more control over their portfolio construction.

“We remain Australia’s leading peer-to-peer investment provider and this continues to attract the attention of SMSF investors.”

In addition to the attainment of $2 billion in FUM, the Credit Fund’s most popular investment term, the 12 Month Term Account, achieved its own individual milestone of attracting $1 billion in FUM.

On a broader scale, Andrews said the manager had been witnessing increased interest in its offerings as advisers and their clients seek alternative avenues to achieve investment return objectives in markets experiencing increased volatility and periods of uncertainty.

The news comes just months after New York-based investment firm Blackstone acquired an 80 per cent stake in La Trobe Financial and Andrews pointed out the positive position his firm is currently in.

“Following Blackstone’s entry into our share register as an 80 per cent owner, we are well placed to embark on our next phase of growth,” he said.

“We will also continue to broaden and evolve our product offering to suit investors’ needs.”

Investors and advisers can access the La Trobe Financial Credit Fund on over 10 industry platforms, including Colonial First Wrap, Macquarie Wrap and Netwealth.

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital