The DDH Global Fixed Interest Alpha Fund and the DDH Balanced Growth Fund, whose investments are exclusively managed by QIC, have been added to the Federation Managed Accounts platform (Federation). Access to the funds will be available via DDH Graham Limited, the responsible entity.
The move follows the announcement in February that Australian Unity Personal Financial Services had added Federation to its approved platform list; a move it expects will contribute to future business growth.
Federation is a contemporary, cost-effective retail platform that provides access to a wide range of managed funds and model portfolios as well as assets not widely available on other platforms, including direct international equities and exchange traded options.
The Federation structure operates like a managed discretionary account, which helps advisers increase the efficiency of their advice process. There is also an option for clients to become shareholders in Federation Alliance, which makes it a unique offering in the platform market and an alternative platform for advisers and clients, which is outside the traditional bank-owned networks.
Richard Dixon, chief operating officer of Federation Alliance, says: “QIC delivers its investment products to more than 90 like-minded institutional investors in Australia and internationally. This partnership expands the distribution of two of QIC’s flagship portfolios to more investors, allowing them to access the expertise and strong track record of performance that QIC offers.”
QIC Limited (QIC) is a leading investment provider for sovereign wealth funds, superannuation funds and other institutional investors. QIC delivers to over 90 like-minded institutional investors in Australian and internationally.
Created in 1991 by the Queensland Government to serve its long term investment responsibilities, QIC has the heritage and insights to understand clients’ needs. QIC has grown to become one of Australia’s largest institutional investment managers with over A$70 billion* in funds under management. QIC has the capabilities relevant for today’s investment landscape and is bound by a common philosophy – to deliver outcomes.
Spanning infrastructure, real estate, fixed interest, private equity and multi-asset solutions, QIC adapts its approach to suit the investor and the investment context.
More info www.qic.com.au
The Federation Managed Accounts platform was launched in 2013 through a partnership between a group of financial services industry experts and Australian Unity. The partnership brings together the long-standing experience of the Federation Alliance key principals and Australian Unity, an independent mutual with a history spanning more than 170 years. The key principals have many years’ experience working in senior capacities in the financial services sector.
Federation Managed Accounts is a comprehensive investment administration platform that provides easy access to a broad range of investment options. For additional information visit fedalliance.com.au.
Australian Unity is a national healthcare, financial services and retirement living organisation providing services to some 600,000 Australians, including 320,000 members nationwide. Australian Unity’s history as a trusted mutual organisation dates back 170 years. It has grown organically—by continually evolving and providing the services and products needed by the communities it serves—as well as through successful strategic mergers and diversification into new business activities.
*as at 31 March 2014.
For more information please contact:
Richard Dixon – Phone: 03 8682 4539
9 July 2014