Managed Funds NavraInvest to launch US fund

Discussion in 'Shares & Funds' started by Simon, 1st Nov, 2005.

Join Australia's most dynamic and respected property investment community
  1. Simon

    Simon Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    507
    Location:
    Newcastle
    NavraInvest to launch US fund
    Tuesday, 01 Nov 2005 12:48PM

    Home-grown Australian equities boutique investment manager NavraInvest is set to launch into the US with a fund built around the Dow Jones.

    The fund, to be known as the Navra American Dow Jones Fund, will be based around NavraInvest’s current Australian equity focused funds that centre on blue chip shares but which are structured to generate high income proportions.

    The American fund will however be based on the Dow Jones price index.

    According to Rainmaker, NavraInvest currently manages $60 million on behalf of Australian investors.

    But unlike most boutiques aiming at the wholesale market, NavraInvest is primarily focusing upon retail investors.

    http://www.financialstandard.com.au...id=6738#Scene_1
     
    Simon, 1st Nov, 2005
    #1
  2. Simon

    Simon Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    507
    Location:
    Newcastle
    Any news out on the timeframe?

    How long does it usually take margin lenders to allow new funds like this as a security to borrow against?

    Cheers,
     
    Simon, 1st Nov, 2005
    #2
  3. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,414
    Location:
    Sydney
    Mostly it will depend on funds under management for the fund - depending on the fund, I'd guess at least $20m required ? I seem to remember that figure quoted for LE - my memory might be a bit off though.
     
    Simon Hampel, 1st Nov, 2005
    #3
  4. Alan__

    Alan__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    508
    Location:
    Sydney
    That's strange.....

    If(?) the information about a new Amercian Fund in the article was a recent press release sourced from NavraInvest, why would such a relatively old FUM figure($60M) have been used? NB. I did try accessing the Rainmaker Site but it seems to be down at present.

    Also, I wonder with the reference to:

    "But unlike most boutiques aiming at the wholesale market, NavraInvest is primarily focusing upon retail investors."

    Could this mean the American Fund will only have a Retail Component rather than Wholesale and Retail?


    :confused:
     
    Last edited by a moderator: 2nd Nov, 2005
    Alan__, 2nd Nov, 2005
    #4
  5. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,414
    Location:
    Sydney
    Alan, I think you are reading way too much into those few words.

    Relax and wait for it to happen.
     
    Simon Hampel, 2nd Nov, 2005
    #5
  6. Alan__

    Alan__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    508
    Location:
    Sydney
    Could well be Sim.

    It was more a general comment on the wording of the article really.

    Happy to see what happens....




    :)
     
    Alan__, 2nd Nov, 2005
    #6