Wealth manager La Trobe Financial has launched two investment products within its existing Australian Credit Fund, offering individuals additional investment time frames with commensurate rates of return.
One of the products is the 6 Month Notice Account, which offers a return based on an annual variable interest rate of 2.5 per cent determined monthly, incorporating a redemption process requiring a 180-day notice period.
The other product is the 2 Year Account, which offers an annual return based on a variable interest rate of 4.5 per cent in line with the longer investment period and also determined monthly.
The launch of the two products comes in response to growing demand for yield in the current low interest rate economic environment.
“The launch of the two new products sends a powerful signal to the market that La Trobe Financial continues to work hard to put the investor first in everything we do. Not only have we maintained our unbroken history of flawless liquidity and management across our strategies, we have listened to our investors and their search for greater choice and opportunity in income solutions,” La Trobe Financial senior vice president and chief investment officer Chris Andrews said.
“The La Trobe Australian Credit Fund strategies continue to deliver a fundamental part of asset allocation for income investors, both domestically and internationally. All investors continue to benefit from the disciplined investment process, built over seven decades of unbroken experience as asset class specialists.”
La Trobe Financial deputy chief investment officer Troy Stratton pointed out the launch of the two investment options reflects the manager’s commitment to the property credit asset class.
“Additionally, it demonstrates our ability to supply low-volatility income investments to our investors, both domestically and around the globe,” Stratton said.
The La Trobe Australian Credit Fund has now surpassed $6.1 billion in assets under management.
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