The fund will invest in a concentrated selection of shares included in the S&P/ASX 200 accumulation index in order to generate long-term capital growth and income, according to Tyndall.
Opened to retail investors in May this year, the fund has received a ‘recommended’ rating by Zenith and attracted a high level of interest from advisors, Tyndall stated.
“A number of advisers have told us that their clients are increasingly seeking specific outcomes and opportunities from the Australian equities fund component of their portfolio, not simply a generalist or index-hugging approach,” said Matt Russell, head of sales and marketing at Tyndall AM.
Mr Russell told InvestorDaily he believed one of the factors attracting advisers toward considering the fund was its concentrated nature and total return approach.
“It’s a concentrated equity fund which is benchmark-unaware, and there’s a little bit of a gap in the market for that sort of absolute return product,” he said.
Mr Russell confirmed Tyndall AM would be looking at getting on further platforms and product lists in the future.
“It is certainly our intention in the future to be on the approved product lists of other major platforms, research groups and adviser groups given the demand for this kind of product,” he said
