Northward Capital, a boutique fund manager partly owned by National Australia Bank, is targeting inflows from financial planners with the launch of its premiere retail fund.
The Northward Capital Australian Equity Trust (AET) is a style neutral fund designed to outperform any market condition.
It will be available on the MLC MasterKey Custom platform from today and MLC MasterKey from mid-May.
To invest in the fund, a client must have $100,000 of cash sitting in MasterKey Custom, and $5000 for MasterKey.
The fund will have a minimum 90 per cent allocation to Australian equities with the rest in cash.
Previously, Northward managed $1.4 billion on for institutional investors only.
Northward Capital is led by chief executive Darren Thompson and chief investment officer Simon Rutherfurd.
They were both formerly co-heads of equities at Insurance Australia Group's funds management operation prior to its purchase by NAB and nabInvest in November last year.
