Self-directed investor and SMSF demand has seen investment manager Lazard Asset Management lower the minimum investment for two of its funds.
It lowered the minimum investment to $20,000 for its Market Equity Fund and Global Listed Infrastructure Fund.
Lazard Asset Management Asia-Pacific chief executive Robert Prugue said the move was in response to increasing demand and inquiry from the self-directed and self-managed super fund markets within Australia for these funds.
"The Global Listed Infrastructure Fund and the Emerging Markets Equity Fund both have strong long-term track records and are managed by highly-regarded investment teams," he said.
"Both of these funds offer diversification and growth opportunities for investors."
Mr Prugue said the retail market has responded positively to the move to lower minimum investments.
"We have seen heightened interest from investors as awareness of both the performance of our funds and understanding of our active investment approach has increased," he said.
"Our approach to investing is based on bottom-up research focused on identifying undervalued companies and investing in them with a long-term horizon.
"It's an approach that is resonating with investors and it's something the firm has been doing successfully for a long time now."
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 22 Aug 2017O’Dwyer announces EDR panelBy Staff Reporter
- 22 Aug 2017Advisers must become ‘lifestyle coaches’: ZurichBy Jessica Yun
- 22 Aug 2017Elders signs 18th advice practiceBy Staff Reporter
- 22 Aug 2017AIA launches ‘Claims on Wheels’By Staff Reporter
- 22 Aug 2017Cost and risk hold back open APLsBy Aleks Vickovich and Killian Plastow
- 22 Aug 2017Majority of Aussies have no retirement plan: researchBy Staff Reporter
- view all