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Platforms add Select alternatives product

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Platforms Axa North and Colonial First State FirstWrap have added Select Asset Management's Alternatives Portfolio product to their line-up.

The Select Alternatives Portfolio invests in international and domestic alternative assets, including private equity, infrastructure and precious metals, as well as hedge funds and managed futures.

"We are seeing strong demand from a large number of dealer groups and platforms who recognise that trying to pick individual alternative investments is fraught with potential reputation and compliance risk," Select Asset Management chief executive Andrew Fairweather said.

The Select Alternatives Portfolio has already been listed on Asgard, Navigator, MLC MasterKey Custom and Macquarie Wrap. The portfolio is also available direct to investors with a minimum investment of $25,000.