Fund Product Update

Platinum launches quoted global transition fund

A quoted version of the Platinum Global Transition Fund has been listed on the Australian Stock Exchange by Platinum Asset Management. The fund invests in undervalued companies that are looking to benefit financially from the move away from fossil fuel energy production and consumption.

Meezan launches Sharia-compliant platform

Meezan Invest is the new platform launched by Meezan Wealth Management to improve access to investing for the Islamic community in Australia, with Sharia-compliant investment options.

The Meezan Islamic Growth model portfolio aims for a return of CPI plus 4.5 per cent per annum from a collection of local and international shares and investments. The cost of entry is much lower than the usual minimum of $50,000, with a minimum investment of $5,000 and an account can be created in about five minutes.