Navigator beefs up alternatives presence on platform

Navigator has added 11 funds, primarily growth and alternative vehicles, to its investment platform.

Andrew Barker, Navigator general manager wealth management products, said the bent towards alternative vehicles was driven by planner demand. “Financial planners tend to have a core set of funds in addition to satellite funds to provide diversification. “Our additions have been in the alternatives space. It’s related to the bull market.” The alternative funds join Select Asset Management’s multi-manager alternatives portfolio, which was added in August 2006, as well as the Deutsche Asset Management strategic value fund and three HFA products. Barker said the funds, listed below, would be available through Navigator within the week. The recently added products are: Armytage strategic opportunities fund; Challenger wholesale select Australian share fund; Goldman Sachs JBWere Australian infrastructure wholesale fund; Macquarie Australian small companies incentives fund; Merrill Lynch asset allocation alpha fund (class D units); Advance wholesale global alpha fund; Perennial growth shares wholesale trust; K2 Australian absolute return fund; K2 Select international absolute return fund; Australian Unity wholesale high yield mortgage trust; and Perpetual wholesale Australian share fund. There are 260 funds on the Navigator platform, with $17 billion in funds under administration, and alternative funds are not charged any additional fees for inclusion.

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Mercer Super expands into frontier market debt, builds out PE program

The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.

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