Sydney, Australia (PRWEB) April 20, 2008 -- RaboPlus - from Australia's safest bank - today announced it has added the Merrill Lynch 'Global Allocation Fund (Australia)' to its wholesale managed funds online platform.
RaboPlus (http://www.raboplus.com.au) customers can access a selection of wholesale managed funds with as little as $250 to invest and a low entry fee of only 0.75 per cent.
The new fund from BlackRock Investment Management (Australia) Limited (http://www.blackrockinvestments.com.au/cms/public/splash.jsp?jsessionid=252361208401825919) increases the number of funds on the RaboPlus platform to 58 with global multi-sector funds now representing roughly 20 per cent of the offering.
The actively managed fund primarily invests in global shares, fixed income and emerging markets and can increase or decrease exposure to fixed income investments when equity market conditions are more or less volatile.
RaboPlus Senior Manager Investments and Managed Funds Tim Hewson said: "The fund aims to generate consistent returns with low volatility and is ideally suited for the many first time managed fund investors on RaboPlus."
"In an environment of increasing uncertainty, customers are looking for new ways to generate medium term growth with greater diversification to protect them from the continuing downward pressure of global market sentiment."
With more than 400 securities (listed and unlisted) from 30 countries, the fund combines professional active management with globally diversified exposure to growth and defensive assets as well as a strong long-term performance history.
The fund has performed well given recent volatile market conditions generating gross returns* of 12.36 per cent for 12 months, 12.47 per cent for the 24 months and 15.43 per cent since inception to 29 February 2008. More importantly, the fund has outperformed its benchmark* by 7.93 per cent, 4.89 per cent and 5.89 per cent respectively.
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 and also batch sell units to help customers better manage their potential capital gains liabilities.
Mr. Hewson said the AAA rating of Rabobank by Standard and Poor's provides significant credibility for our customers who get to earn high interest rates on cash in their savings account while deciding which funds to invest in.
For investment interest articles or to contact Tim with comments or questions please visit Tim Hewson's blog, The Confident Investor (http://www.confidentinvestor.com.au/).
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.
*Past performance is not a reliable indicator of future performance. Gross performance excludes fees and charges and assumes the reinvestment of all distributions. The benchmark consists of a weighted average of returns for a composite 36 per cent S&P500 (Composite Total Return), 24 per cent Financial Times/S&P Actuaries World Index ex-US (Total return), 24 per cent Merrill Lynch Government Bond Index GA05 (5 year Treasury Bond) and 16 per cent Citigroup Non-USD World Government Debt Index. Outperformance represents the difference between, Gross return and the Benchmark return. Inception date of the Merrill Lynch Global Allocation Fund (Australia) (Class D units) is 4 July 2005.
The issuer of RaboPlus and its related 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.
###
Travel with Aura Cacia Team to Explore Rare Sustainable Sandalwood in Australia
Daily blog charts unique expedition May 14-23.
Amnesty International Australia Confronts Google, Yahoo!, Microsoft, Baido and Sohu
Amnesty International Australia is to launch with a social media awareness campaign ahead of the Beijing Olympics confronting Google, Yahoo!, Microsoft, Baido and Sohu.
Australian Government To Grant 144,000 Residence Visas
The total migration (non-humanitarian) programme for 2006-07 is in the range of 134 000 to 144 000 places. This will comprise 97 500 places in the Skill Stream and 46 000 places in the Family Stream.
Study In Australia
With over 384,000 international students, trusting their future and making the best possible use of the opportunities in Australia; you can even mould your career with the standardize facilities they provide. With the changing trends, non-English speaking students are opting to study in Australia to experiment with different cultures and backgrounds. Australia has a wide range of opportunities in various fields for International students. There are many schools and colleges in Australia but under listed form the top notch of the hierarchy: ? The Sydney Business and Travel Academy-- Leading edged Certificates & Advanced Diplomas in Travel & Tourism, Hospitality, IT, Business and Childcare. ? Australasian College of Natural Therapies (ACNT)...
IMG Distributes StrandVision Electronic Noticeboard Services in Australia: First Installation is at Premier Villages' Tarneit Skies Retirement Vi
StrandVision LLC of Eau Claire, Wis., USA and Independent Management Group Pty Ltd (IMG) of Mount Waverley today jointly announced that IMG is distributing StrandVision's hosted digital signage (electronic noticeboard) service in the Australian market.
Australia's First Weight Loss Camp for Children to Open This Summer
Wellspring Camps, the leading organization of treatment programs for overweight and obese youth, today announced the opening of Wellspring Australia, the first summer weight loss camp in Australia. Wellspring Australia will serve teens ages 12-18 for 2-week and 4-week courses starting 30 December. Students will benefit from decades of scientific research and the unprecedented weight loss outcomes demonstrated by thousands of young people at Wellspring's 10 other programmes in America and England.
Adesso Albums Announces Global Distribution Expanding to Canada, UK & Australia
Adesso Albums (http://www.adessoalbums.com) announced today that their line of Instant Photo Guestbooks® will now be distributed internationally via three independent distributors in Canada, the United Kingdom and Australia.
Allfinanz and Munich Re Deliver an Australian First With TOWER
Allfinanz, the leading vendor of underwriting automation software for the life insurance industry, has today announced that TOWER Australia (ASX:TAL) is piloting an automated underwriting solution. The solution combines automated underwriting technology from Allfinanz with a business rules set produced by MunichRe. Based on technology already widely used in the UK market, TOWER is the first Australian insurance company to adopt automated underwriting.
Australia Police Check
It has become increasingly necessary in this ever more dangerous world in which we live for organisations such as employers, government and non-government agencies to be careful about who they employed or involve in their organisations.
Australian Olive Leaves Put Squeeze on Antioxidant "Super Juices"
An Australian olive leaf juice has been proven to have an antioxidant capacity up to 28 times more powerful than some "super juices". The olive leaf based Mediterranean diet concentrate is made from 100% fresh olive tree leaves and is already selling US$1 million a month in Australia.
Jason Bresnehan Has Been Appointed CEO of Australian Enterprise Search Engine company Funnelback
Bresnehan finds what he's been looking for.
Golden Escape to Maria Island of Tasmania, Australia
It is a little known fact that Australia's Island state, Tasmania at latitude 40? South, about 240 km south of the Australian mainland and with a population of less than half a million offers some of the best walking tracks in the world Australia's most mountainous state is also its coolest and best protected, 20 % is listed as a World Heritage area for "outstanding universal value from the point of view of science, conservation and natural beauty"
Take Your Kids on a Video Journey Down Under with 'Families of Australia'
Newest Title in the Award-Winning Families of the World Series Travels to DVD March 6, 2007 from Master Communications
American Idol hopeful, Joey C. Visits Australia's Maestro's of Motown, Human Nature
Joey Catalano joins Human Nature as the Aussie's salute Motown in Atlantic City.
How to Buy a Business in Australia
So now its time to take that big plunge and be your own boss. Where will I start? What do I look for? And for that matter what business will I buy? Will I relocate? Can I get finance? Who do I go to for the right advise?These are just a few of the concerns when you decide on buying a business and believe me its not an easy road ahead, but with the right advise and the right business for you there are rewards unlimited to help you on the way to building a bank and a good quality of life.