Chris Andrews

The $12.5 billion La Trobe Financial Group, a Blackstone Portfolio Company, announced the release of two exciting new investment products within its award winning La Trobe Australian Credit Fund (Credit Fund). The two products, the 6 Month Notice Account and the 2 Year Account complement the existing range of income generating, low-volatility products and provide even greater choice and opportunity for investors in the current low-yield environment.

The 6 Month Notice Account has launched with a variable rate of 2.50% p.a.^[1] (determined monthly), providing a competitive monthly yield with funds generally accessible with 180 days notice^[2].
The 2 Year Account provides a premium yield to correspond with the tenor of investment, launching with a variable rate of 4.50% p.a.^[1] (determined monthly).
The new products were launched on 23 July 2021. The release of these new investment options come at a time where investor demand for yield has never been stronger, and highlights in particular:

• La Trobe Financial’s continued focus on providing unmatched opportunity for investors to achieve low-volatility income opportunities over a range of durations
• the resilience of La Trobe Financial and its underlying asset class against movements in Official Cash Rates in this low rate environment, and
• the ongoing strength of the Credit Fund as it continues its growth across all market cycles.

The release comes as the Credit Fund surpasses $6.1 billion in assets under management. Troy Stratton, Deputy Chief Investment Officer of the $6.1 billion Credit Fund also highlighted: “We are committed to supplying investment products that meet the developing needs of our investors. The expansion of our investment product range reflects our commitment to our investment strategy within the property credit asset class. Additionally, it demonstrates our ability to supply low volatility income investments to our investors, both domestically and around the globe.”

Michael Watson, Head of Distribution APAC further commented: “We are excited about the addition of two new products into our existing suite of products. The Credit Fund continues to offer a genuine range of income products to suit all investors. Investors and financial advisers alike can access these products with ease, with our Business Development Managers and Private Wealth Management team on station to cover any queries on these new products.”

Chris Andrews, La Trobe Financial’s Senior Vice President, Chief Investment Officer, commented: “The launch of the two new products sends a powerful signal to the market that La Trobe Financial continues to work hard to put the investor first in everything we do. Not only have we maintained our unbroken history of flawless liquidity and management across our strategies, we have listened to our investors and their search for greater choice and opportunity in income solutions.

The La Trobe Australian Credit Fund strategies continue to deliver a fundamental part of asset allocation for income investors both domestically and internationally. All investors continue to benefit from the disciplined investment process, built over seven decades of unbroken experience as asset class specialists.”

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[1] The rates of return on your investment are current at 1 August 2021. The rates of return are reviewed and determined monthly and may increase or decrease each month. The rate of return applicable for any given month is paid at the start of the following month. The rates of return are not guaranteed and are determined by the future revenue of the Credit Fund and may be lower than expected.
[2] We will make every endeavour to release your funds within 180 days after receiving your withdrawal request. We however have 12 months under the Fund’s Constitution to honour that request. In determining whether to honour your withdrawal request within 180 days, we have to have regard to the Fund’s cash position and the best interests of all investors. There is a risk that a withdrawal request will not be honoured within 180 days. However, there has never been a case in the history of the Fund when we have not honoured a withdrawal request on time due to a lack of liquidity

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Chris Andrews

IOOF Pursuit Platform which has over 860 advisers and $50 billion Funds Under Advice has included Blackstone’s Australian Portfolio Company, La Trobe Financial, flagship product, the multi-award-winning 12 Month Credit Fund Term Account onto its investment platform.

La Trobe Financial’s Chief Investment Officer, Chris Andrews stated, “we are delighted to have our flagship product on the IOOF Pursuit investment platform. We have taken this step on the back of significant demand from the financial adviser market as part of our commitment to delivering the highest levels of service and efficiency to advisers and investors across Australia.”

Andrews further added “our 12 Month Term Account is one of our core retail offerings, standing now at $1.3 billion of the total FUM. Its capital stable, fixed income profile is built on a highly diversified portfolio and over 65 years of management experience.” The Credit Fund has been judged Australia’s “Best of the Best” by Money magazine 9 years in a row, following outstanding long-term performance for investors. “We will continue to execute our time-tested investment philosophy with rigour and discipline and welcome the inclusion on this new platform”, said Andrews

Michael Watson, La Trobe Financial’s Head of Major Clients – Private Wealth said “we are really pleased to join the IOOF Pursuit platform. Major platforms and licensees are increasingly seeing the importance in partnering with fund managers who offer a genuine point of difference for investors. Our addition to IOOF Pursuit will help more advisers meet client requirements in a time of continued volatile markets and low yields.”

La Trobe Financial’s Private Wealth Platform, was recently highly rated as the best in Australia by SQM Research following their review of the Australian Mortgage Trust Sector. SQM Research singled out a number of key strengths in La Trobe Financial’s Fund operations for investors, including its:

• strong distribution network and market niche;
• “very knowledgeable and experienced staff”;
• diversification across geographical sectors and borrowers;
• effective arrears management; and
• “returns, which have consistently been over and above peers and benchmarks”.

Watson further commented “the continued growth of the Private Wealth Platform is an important recognition of adviser demand for quality products.”

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