New global funds designed to boost adviser needs

Trans-Tasman fund manager Milford has further expanded its presence in Australia.

Milford Asset Management has announced the launch of three new funds for Australian advisers and investors seeking returns in international equities.

The newly launched funds include the Milford Global Real Asset Fund, which aims to provide consistent income and capital growth according to the firm through investments in global listed infrastructure, utility and real estate securities.

Over the minimum recommended investment timeframe, the fund seeks to outperform the RBA cash rate by 4 per cent per annum.


The Milford Global Growth Fund is also among the newly launched funds, modelled on an existing strategy that has been running in New Zealand since 2016.

Milford said the fund invests in global equity securities with favourable growth characteristics with the aim of providing capital growth and outperforming the MSCI World Index.

Finally, the new Milford Global Opportunities Fund also aims to provide capital growth and outperform the MSCI World Index by investing in global equities that are attractively valued.

Milford head of Australian business Kristine Brooks said the time was right to diversify its product line on the back of the firm’s growth and expanding network of adviser relationships.

“We are pleased to have launched three new global funds in Australia, which will serve the needs of advisers and investors,” she said.

“We know advisers want high-performing and globally diversified portfolios and that’s what our funds are designed to deliver.”

Ms Brooks also drew attention to the firm’s “strong and growing” investment team in Australia that she said would be well-equipped to support advisers.

Alexander Whight was promoted to head of global equities at Milford earlier in the year while other recent appointments have included Martin Cox as head of private markets (acting) and Daniel Wu as senior analyst.

New global funds designed to boost adviser needs
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Jon Bragg

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.

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