Iress has announced an expansion to its funds administration partnership with Perennial Value Management.
The partnership expansion will see Iress support the Daintree Hybrid Opportunities Fund (DHOF) issued by Perennial through its quoted managed funds capabilities. This will give investors the choice between accessing DHOF via a broker or online via direct application.
“Perennial has significant experience and expertise in listed fund distribution and we've been delighted to support them in delivering a dual access option for their managed fund investors,” said Warwick Angus, head of corporate development and market infrastructure at Iress.
“The global trend towards fund managers issuing listed funds or exchange traded managed funds (ETMFs) has been gathering pace for some years. Iress now provides our clients with a leading solution that supports both listed and unlisted funds through a single registry system.”
Iress said it would continue to invest in its listed access channels to support flexible investment options for its clients.
“We are delighted to partner with Iress to offer DHOF to our customers,” said Camilla Love, managing director at eInvest, whose funds are issued by Perennial.
“This model will be an important channel in the future of retail distribution. Iress provides us with innovative and automated registry technology options that support our focus on enabling all Australians to access high quality active investment solutions.”
“Hybrids offer some of the best yield in the fixed income market for a near-investment grade credit rating, with lower risk than investing in equities markets,” portfolio manager Brad Dunn said at the time.
Jon Bragg
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.
