RaboPlus, the Online Bank has Added Seven Colonial First State Funds to its DIY Managed Funds Offering
Sydney, Australia (PRWEB) May 19, 2008: -- RaboPlus - Australia's safest bank - today announced it has added seven new wholesale managed funds from Colonial First State to its online investor-directed portfolio services (IDPS) platform. The seven new funds added from Colonial First State (http://www.colonialfirststate.com.au/) takes the total number of funds available on the RaboPlus (http://www.raboplus.com.au/) platform to 66 funds.
The new wholesale funds are:
1. Colonial First State Wholesale Australian Share Fund - Core
2. Colonial First State Wholesale Colliers Global Property Securities Fund
3. Colonial First State Wholesale Global Credit Income Fund
4. Colonial First State Wholesale Global Resources Fund
5. Colonial First State Wholesale Global Share Fund
6. Colonial First State Wholesale Income Fund
7. Colonial First State Wholesale Property Securities Fund.
RaboPlus Senior Manager Investments and Managed Funds Tim Hewson said, "The addition of funds from Colonial First State gives RaboPlus investors (http://www.raboplus.com.au/managed_funds/default.aspx) a broader choice of specialist property funds, income products and opportunistic growth strategies such as global resources."
"Given the uncertainty of the current global environment, our customers are looking for greater diversification from products designed to generate long-term capital growth and medium-term income from diversified strategies," Hewson continued.
Mr. Hewson said diversification was the key for RaboPlus's sophisticated DIY Superannuation customers who generally operated core and satellite investment strategies.
DIY Superannuation represents 37 percent of all RaboPlus accounts and 43 percent of assets invested into managed funds.
"DIY investors are looking for well-established fund managers and a choice of funds across categories both locally and globally," Hewson said.
RaboPlus customers can access a selection of wholesale managed funds (http://www.raboplus.com.au/managed_funds/default.aspx) with as little as $250 to invest and a low entry fee of only 0.75 percent.
Funds can be bought and sold online 24/7 with the convenience of automated and consolidated administration and reporting, as well as the ability to set up regular investor plans.
Customers can also batch-sell units to help better manage their potential capital gains liabilities.
Mr. Hewson said the AAA rating of Rabobank Australia Limited (http://www.rabobank.com/content/) by Standard and Poor's provides a strong credibility factor for customers who could earn high interest on cash in their savings while deciding which funds to invest in.
A number of 'demos' (http://www.raboplus.com.au/managed_funds/tools/dollar_cost_averaging/default.aspx) are available on the RaboPlus web-site to see how easy it is to buy and sell managed funds, and select funds.
Read Tim Hewson's blog (http://www.confidentinvestor.com.au/) for thoughts and opinions on DIY investing.
Rabobank Australia & New Zealand is a part of the international Rabobank Group, the world's leading specialist in food and agribusiness banking. Rabobank has more than 100 years' experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank has a AAA credit rating and is rated one of the world's safest banks by Global Finance magazine. Rabobank operates in 43 countries, servicing the needs of more than nine million clients worldwide through a network of more than 1500 offices and branches. Rabobank Australia & New Zealand is one of Australasia's leading rural lenders and a significant provider of business and corporate banking and financial services to the region's food and agribusiness sector. The bank has 78 branches throughout Australasia.
The issuer of RaboPlus and its related deposit products is Rabobank Australia Ltd ABN 50 001 621 129 AFSL 234700. The IDPS Guide, and full Terms and Conditions relating to RaboPlus products are available on application or at www.raboplus.com.au. Consider relevant disclosure documents when deciding whether to acquire, or continue to hold, RaboPlus products.
RaboPlus deposits are guaranteed by Rabobank Australia Limited's ultimate parent, ranked safest non-government bank by Global Finance magazine, 2007.
Rabobank Australia Limited has a AAA rating from Standard & Poor's. Ratings are subject to change. For the latest ratings information please visit www.standardandpoors.com. Ratings issued by Standard & Poor's (Australia) Pty Ltd are solely statements of opinion and not statements of fact or recommendations to make any investment decisions.
Media Contact: Tony Rasman 0418 208770.
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