Fund Product Update

PIMCO launching first LIT in Australia

The first Australian Listed Investment Trust (LIT) launched by PIMCO is to hit the shelves in March 2022. Investors will be able to access multi-sector public and private investments within fixed income. The trust will be managed by Dan IVascyn, Rob Mead, and Alfred Murata.

HESTA launches online education tool

HESTA has launched a tool, Future Planner, to support the education of its 900,000 members in regards to their access to financial advice. Since its launch, over 60,000 members have accessed the service. Future Planner is to bridge the gap between high-cost financial advice and DIY online advice. The tool blends digital and in-person goals-based advice in a personalised experience.

Fidelity launches demographics-based active ETF

Fidelity International is launching an exchange-traded fund (ETF) on the ASX that aims to capitalise on changing demographic trends. The Fidelity Global Demographics Fund has 50-70 stocks looking to outperform its benchmark MSCI All Country World Index NR across seven years.

Perpetual lists ethical fund on ASX

Perpetual has listed the Perpetual ethical SRI Fund on the ASX as an unquoted managed fund. The fund avoids companies that derive five per cent of their revenue from the manufacture or sale of generally ethically unacceptable products and services such as alcohol, gambling, fossil fuels (upstream) and pornography. The fund is managed by Nathan Hughes.

VanEck launches private equity ETF

The VanEck Global Listed Private Equity ETF invests in 50 global listed private equity companies and tracks the LPX50 Index. The fund is unique in Australia, allowing all investors to participate in private equity investments through a single trade on the ASX.

 BetaShares launches crypto ETF

A new cryptocurrency innovators ETF has been launched by BetaShares, investing in global crypto innovators in the BetaShares Crypto Innovators Fund. The fund set a new first day record for trading value when it launched in early November on the ASX, $39.7 million of trading value for the day compared to the previous record set in March 2021 of $8 million.