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More QIC funds available to planners

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By Vishal Teckchandani
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3 minute read

Funds management and administration company DDH Graham will offer an additional four funds managed by QIC to financial planners and retail clients.

 This complements its existing offering of QIC managed funds, which were introduced to the market in 2006.

The new products include a conservative growth fund, a balanced growth fund, an aggressive growth fund and an Australian shares fund.

The conservative fund aims to achieve an investment return of 2 per cent above Australian inflation before fees over rolling three-year periods.

The balanced product aims to achieve growth of 4 per cent above Australian inflation over rolling five-year periods.

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The minimum investment is $2000 per fund or $500 per fund via a regular savings plan.

The management expenses vary from 1.25 per cent to 1.55 per cent a year, depending on the product, and fee rebates are available for clients who invest $200,000 or more per fund.

The funds are essentially retail units of QIC's wholesale funds.

Brisbane-based DDH Graham is able to make the offering after it assumed the role of responsible entity of the Investment Access Funds unit from Q Invest, the financial services group jointly owned by QIC and QSuper.

The funds will be offered under the brand known as DDH Investment Access Funds.

The change in responsible entity of the four funds would allow Q Invest to focus on providing advice and related services to clients via about 35 planners and DDH Graham would apply its specialist administrative capabilities to the running of the funds, DDH Graham joint managing director Peter Lockhart said.

The products were available through DDH Graham's website and the firm would also look to place the offerings on platforms, Lockhart said.

QIC, which manages $65 billion, is Australia's fourth largest institutional investment manager.