Legg Mason Australia has reduced the minimum investment amount to $30,000 for five of its funds, opening the offering to retail and SMSF investors.
The decision to reduce the minimum amount for Australian Real Income, Australian Equity Income, Australian Small Companies, Australia Bond and Diversified was in response to increased interest from advisers and retail investors looking to invest directly.
The lower minimums will also make the five funds more accessible to the expanding SMSF market.
Initially the minimum amounts were set at $200,000 to suit wholesale investors and platforms.
“We have reduced our minimums in order to make our investment capabilities more accessible to a growing segment of the market, and to continue to meet the changing needs of clients and how they want to invest with us,” said head of Legg Mason Australia, Annalisa Clark.
SUBSCRIBE TO THE IFA DAILY BULLETIN
News
- 22 Sep 2017ASIC permanently bans unlicensed SMSF spruikerBy Staff Reporter
- 22 Sep 2017Advisers recognised at Women in Finance AwardsBy Staff Reporter
- 21 Sep 2017Advisers not fully aware of LIF impacts: ZurichBy Staff Reporter
- 21 Sep 2017Red tape forces SMEs to cut staffBy Adam Zuchetti and Aleks Vickovich
- 21 Sep 2017Bitcoin 'dangerous and speculative', says MagellanBy Tim Stewart
- 20 Sep 2017ANZ calls for adviser transparencyBy Killian Plastow
- view all
