>In a statement, Centuria said Mason Stevens' TaxAstute credit bonds tap into the firm’s “expertise and reputation” with credit-based assets, including a low-cost option for risk management.
“The underlying asset of the new bond is the Mason Stevens Credit Fund, an actively managed fixed-income fund investing in investment grade Australian and international interest rate securities and cash,” the statement from Centuria said.
Centuria investment bond division general manager Neil Rogan said the partnership exemplifies its “desired TaxAstute model”.
“We see partnerships with like-minded independent investment professionals such as Mason Stevens as the way of the future,” Mr Rogan said.
“This enables advisers to match the investor's risk profile to appropriate product structure across accumulation and retirement phases.”
“Advisers want a product that will deliver the outcomes that clients are looking for. By joining forces with fund managers we have added our own particular tax and bond expertise to build and take to market products that meet this demand,” he said.
Mason Stevens chief executive Tom Bignill said in the past 12 months it has seen increasing client demand for fixed-income investments and with it increasing demand for ways to access it.
“Partnering with Centuria gives us greater flexibility in what we offer while still enabling us to build the kind of portfolio our clients want,” Mr Bignill said.
“The bond is a high-performing 10-year investment that can be used to help clients achieve their specific goals and adds a further dimension of value to our offering.”
The partnership follows Centuria’s partnership with Implemented Portfolios to develop a bond with underlying ETF assets.