Tyndall Asset Management (Tyndall AM) is seeking discussion with financial planners as it offers its concentrated institutional fund to the retail market.
The asset manager is opening its Australian Share Concentrated Fund to the retail market and is in the process of canvassing the market to gauge adviser appetite.
“We’ve spoken to individual adviser and the dealer group principles … and the interest has been quite overwhelming [which is] what led us to make this available at the retail level,” Tyndall AM head of sales and marketing Matt Russell told ifa.
“We’ve now commenced the process with all the major research houses to review the product.
“Normally these things can take a little bit of time to fit into their review schedules but … we’re able to do it rather quickly because their interest in the product and the offering is so strong.”
The fund’s aim is to provide long-term capital growth and income by investing in a concentrated selection of shares listed on the S&P/ASX 200 Accumulation Index.
The fund is benchmark unaware with a yield bias and requires a minimum initial investment of $25,000.
Tyndall said the fund will give advisers a new tool for investors looking to increase alpha in their portfolio over the long term.
“I think the primary benefits will be that it’s a total return focus with that yield bias,” Mr Russell said.
“It’s benchmark unaware as well, so it will deviate from the ASX200 quite substantially given that its portfolio has about 15 to 20 stocks."
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