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FUND BITES

If you are an existing investor in any of the mentioned products below, the fund manager will provide you written communications notifying you of the changes and how they may affect you. If you are a prospective investor please ensure you obtain an updated copy of the offer document before making a decision to invest.

If you would like more information about any of these announcements or would like to know how they affect you please contact our office or the fund manager directly.

Date

Fund Manager

Details

9 May 2016 Colonial First State (FirstChoice Retail) Upcoming closure of FirstChoice Retail FirstChoice Personal Super, FirstChoice Pension and FirstChoice Investments (FirstChoice Retail) will close to new accounts from 3pm, 13 May 2016. Please click here to read further important information on the product rules around the FirstChoice Retail closure.
13 June 2014 Blue Sky Blue Sky Alternatives Access Fund Limited LIC raised more than $60 million in initial public offering. 
5 June 2014 Netwealth Netwealth Investment Wrap and Super Wrap to close to new clients from 1 July 2014
27 May 2014 MLC MLC Masterkey Investment Srevice, Super, Pension and MLC Navigator to close to new investors 1 July 2014.
23 May 2014 Perpetual Perpetual Ethical SRI Fund wins Fund Manager of the Year 2014: Responsible Investment at the Money Management/Lonsec Fund Manager of the Year Award.
22 May 2014 Cromwell The offer period for Cromwell Property Trust 12 has closed
16 May 2014 Colonial First State New Colonial First State FirstChoice Investment, Super and Pension disclosure statements issued.
16 May 2014 Macquarie Compulsory redemption and fund closure - Macquarie Equinox Limited Class C and Macquarie Equinox Limited Class B shares.
16 May 2014 Asgard

Asgard has removed the following Hunter Hall Funds from the available products list. Effective 30 May 2014, they will be closed to new and additional investment on the eWRAP platform:

  • Hunter Hall Value Growth Trust (Asset Code: UT0798, APIR: HOW0002AU)
  • Hunter Hall Australian Value Trust (Asset Code: UT0392, APIR: HHA0001AU); and
  • Hunter Hall Global Equities Trust (Asset Code: UT0393, APIR: HHA0002AU)
6 May 2014 Aspen Aspen Funds Management has completed the sale of Aspen Diversifed Property Fund's assets and has comenced winding up the Fund. A final return to preference unitholders is expected to be made prior to 30 June 2014.
5 May 2014 Australian Unity  A capped withdrawal offer is available on the Australian Unity Office Property Fund. Offer closes 3pm AEST 29 May 2014.
15 April 2014

BT

 

BT intends to recover some of the expenses relating to implementation of regulatory reform programs from Retail Super and Investment products.  This charge will be up to a maximum 10 basis points and will be included as part of the existing Indirect Cost Ratio; clients will not be charged a separate fee.

4 April 2014 Man Investments Man Investments will cease trading on selected series of Man OM-IP funds as of 1 May 2014 as the size of the fund has restricted the ability of the investment manager to execte the investment strategy in an efficient and cost-effective manner. Shareholders should have received a letter outlining their options.
2 April 2014 MLC

MLC to remove a number of investment options from the Masterkey Super and Pension investment menus, on or around 9 June 2014.

2 April 2014 MLC

MLC Investment Management will change its name to JANA on 2 April 2014. MLC IM is the asset manager for investment products for MLC's retail and smaller corporate clients. There are no changes to MLC branded products.

27 March 2014 Personal Choice / LHP LHP Diversified Investment Funds re-open to new applications on the Personal Choice eWRAP platform.
14 March 2014 Macquarie Agribusiness The administration of Macquarie Almond Investments and Macquarie Forestry Investments will be moved from OneVue to Macquarie on 14 April 2014.
12 March 2014 2020 DIRECTINVEST New Privacy Policy and Financial Services Guide issued to reflect the change in the Privacy Act.
5 March 2014 Australian Unity Australian Unity Retirement Village Investment Notes Series 3 matures on 30 June 2014. Investors can elect to withdraw some or all of their investment by 7 April 2014, otherwise the investment term will automatically extend for a further 3 years to 30 June 2017 at an interest rate of 6.50% p.a.
7 March 2014 MLC The Legg Mason Property Securities Trust has been closed and removed from the MLC MasteryKey platform.
3 March 2014 Cromwell Cromwell Phoenix Property Securities Fund has won the Listed Property Category, Australia, in the Australian Morningstar Awards 2014.
3 March 2014 Perpetual Perpetual Investments has been named Fund Manager of the Year in the Australian Morningstar Awards 2014.
24 February 2014 Australian Unity  Quarterly withdrawal requests from the Australian Unity Retail Property Fund was paid. Requests were met on a pro rata basis as the total amount of withdrawal requests exceeded the amount of money that was made available. Investors received 11.3563% of the amount requested. 
19 February 2014 APN APN Property for Income Fund and APN Property for Income Fund No 2 is expected to reopen to daily applications and redemptions by 30 June 2014. 
19 February 2014 Charter Hall Charter Hall has sold 130 Stirling Street Perth. Investors in Charter Hall 130 Stirling Street Trust will receive approximately $1.28-$1.30 per unit from the initial $1.00 per unit invested. Settlement is expected to occur in the second quarter of 2014. 
17 February 2014 Asgard Supplementary PDS issued 20 Dec 2013 for Infinity eWRAP Super/Pension was reissued due to an incorrect date being disclosed for the Asgard Infinity eWRAP Super/Pension PDS issue date. No other changes were made. 
12 February 2014 Cromwell  Cromwell Property Trust 12 capital raising nearly complete; expected to close within 6-8 weeks. More info
11 February 2014 ANZ ANZ announced intention to issue ANZ Capital Notes 2 to raise A$1 billion. Expected margin 3.25% - 3.40% above 180 day bank bill rate. More info
7 February 2014 Personal Choice New PDS Part 2 issued for Personal Choice eWRAP Super/Pension
1 February 2014 Smallco New Smallco Investment Fund PDS issued
1 January 2014 IOOF Spectrum Super is now IOOF Employer Super
19 December 2013 Personal Choice New Supplementary PDS issued for Personal Choice eWRAP Super and Pension
19 December 2013 RFM

RFM completed the merger of RFM Chicken Income Fund and RFM Australian Wine Fund with RFM RiverBank, to be renamed Rural Funds Group, and the de-merger of the RFM Chicken Income Fund to form RFM Poultry.

17 December 2013 AMP AMP fee increases for North, Summit, Generations and iAccess commence from Wednesday 1 January 2014. Impacted clients have been notified of the increase.
16 December 2013 AIA New Supplementary PDS issued for AIA Priority Protection for Platform Investors effective 16 December 2013.
16 December 2013 Centuria Centuria 8 Central Avenue Fund closed oversubscribed. Centuria has advised it will scaleback investors whose funds were received after the close date on 29 November.
16 December 2013 IOOF Effective 1 January 2014, Spectrum Super will change its name to IOOF Employer Super.
12 December 2013 Macquarie Superannuation Plan Macquarie Investment Management LImited, as trustee for the Macquarie Superannuation Plan will debit the SuperStream Levy from member accounts in December 2013.
11 December 2013 Australian Unity Australian Unity Diversified Property Fund - Withdrawal Offer exceeded the $3.55 million that was available for the offer; as a result clients will receive 6.28% of requested redemption amount.

3 December 2013

 

BT

 

Commencing 12 December, BT will write to affected BT Lifetime Super Personal Plan members regarding the impact MySuper will have on their investments.

1 December 2013 Asgard Supplementary SPSD issued for Asgard Managed Profiles and Separately Managed Accounts - Funds Investment.

1 December 2013

 

Man OM-IP Funds maturing

 

The following Man OM-IP funds are due to mature:

  • Man Series 2 OM-IP 15seven (30 December 2013)
  • Man OM-IP Multi-Strategy (31 December 2013)
  • Man OM-IP 16eight (31 December 2013)

Shareholders who elected to sell their Shares at the NAV on 30 November 2013 will have their sale proceeds sent by early January 2014.

All remaining Shareholders will have their Shares redeemed as at the NAV on the relevant Maturity Date, with the redemption proceeds to be sent by early February 2014.

For further information, please contact Man Investments Australia.

29 November 2013 Centuria Centuria 8 Central Avenue Fund fully subscribed
22 November 2013 Australian Unity Australian  Unity Funds Management is proposing to relinquish its role as the responsible entity for the Australian Unity Diversified Property Fund and be replaced by Australian Unity Property Limited.

20 November 2013

 

Mason Stevens Asset Management

 

Mason Stevens Credit Fund information now available from Morningstar

 

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