DomaCom receives 'A-plus' rating from PIR
Property Investment Research (PIR) has allocated an 'A+' rating to DomaCom's fractional investment fund.
In a statement, DomaCom said the rating indicates the fund has met the aggregate requirements throughout PIR's review process "across a number of key" criteria.
"I'm very pleased with our A+ rating from PIR. Our fund is still relatively new, so this rating is timely and will put us in a better position to achieve further market penetration," DomaCom chief executive Arthur Naoumidis said.
"We'll use this rating as a base to continually improve our platform and deliver product enhancements to broaden the market in the very near future."
Commenting on the research of the DomaCom fund, managing director of PIR Dinesh Pillutla said: "We have a sound framework for rating investment product offerings in Australia, and our review process gives consideration to a broad number of qualitative and quantitative factors."
"The DomaCom platform is an innovative solution to the age-old problem of investing in real estate, which is its high upfront cost. The fractional model gives investors the ability to diversify and control their investment in direct property, with or without borrowing.
"The DomaCom Fund has earned its stripes for the A+ rating and we look forward to seeing its acceptance in the market and further development in the coming years," he said.
Fiducian profit up 15%
Fiducian Group posted an underlying net profit after tax (UNPAT) of $12 million ...
AFA announces award finalists
Ahead of its annual conference the AFA has announced its finalists in a series o...
MLC here to support advice: Geoff Lloyd
MLC Wealth will simplify its advice business to create a more sustainable model ...