AMP’s advice research function has approved Watermark’s market neutral trust, paving the way for its inclusion on the MyNorth platform.
AMP Advice Research has completed its review of Watermark Fund Management's market neutral trust, effectively clearing the way for AMP advisers to recommend the fund.
Commenting on the announcement, Watermark chief operating officer Tim Bolger said finding sources of genuinely uncorrelated returns is "increasingly difficult" for advisers.
"Our market neutral trust provides a portfolio construction tool for planners that offers attractive returns while materially reducing share market beta," Mr Bolger said.
"Approval of the fund by AMP Advice Research is indicative of a broader acceptance from the financial planning community, of the benefits that hedge fund strategies offer.
"Our local hedge fund industry is home to some of the most talented investment managers in the world, providing advisers with a range of appealing fund solutions for their clients."
News
- 20 Feb 2019ASIC probe finds widespread inappropriate advice at HSBCBy James Mitchell
- 20 Feb 2019IOOF profit up, advice margins downBy Sarah Simpkins
- 20 Feb 2019SMSF accountant enters EU with ASICBy Miranda Brownlee
- 20 Feb 2019Netwealth sees silver lining in Hayne recommendationsBy James Mitchell
- 19 Feb 2019ASIC to ‘fully implement’ Hayne recommendationsBy James Mitchell
- 19 Feb 2019CFS hamstrung advisers as they left for DoverBy Adrian Flores
- view all
