POWERED BY MOMENTUM MEDIA
RaboPlus drops brokerage on BT Wholesale Imputation Fund
RaboPlus will drop its brokerage to 0.25 per cent on its 'fund of the month', the BT Wholesale Imputation Fund, during April.
RaboPlus began its 'fund of the month' initiative last year, which allows investors to gauge the type of funds other investors are choosing while at the same time making it cheaper for investors to diversify their portfolio, RaboPlus investments manager Tim Hewson said.
The brokerage on the BT Wholesale Imputation Fund for RaboPlus investors will be 0.25 per cent during April, a drop of 0.5 per cent.
Hewson said the low minimum investment amounts and discounted brokerage offered by the group helps to lower the barriers to investing for Australian investors.
The Morningstar five-star rated BT Wholesale Imputation fund typically holds 35 to 40 large caps, 15 to 20 small caps and some cash. The fund's current exposure to small caps is around 3 per cent and 3 per cent in cash, RaboPlus said.
The fund's top holdings are BHP Billiton, Telstra, CBA, Westpac, ANZ, NAB, QBE Insurance, Westfield, Rio Tinto and Westfarmers.
AUTHOR
Corrina Jack
Recommended for you
The local super industry now commands more than $4 trillion in assets, boosted by impressive quarterly returns.
The industry fund has upped its investment in start-ups, helping to unlock the benefits of innovation and emerging technologies.
The chair of the Future Fund has slammed critics of the sovereign wealth’s new mandate as “factually incorrect”.
Super Review understands the Division 296 legislation could be facing the chopping block, with Labor said to be struggling to secure support ahead of the final sitting week of the year.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
