10th December 2008
BEST OF THE BEST AWARDS 2009
2nd Best Mortgage Fund
3rd Best Cash Management Trust - Non Bank
Every year one of Australia's most popular and respected financial publications Money Magazine independently reviews and awards financial products across three main categories: Investing, Banking and Spending.
La Trobe has featured in the Investing category under the Cash Account sub-category over the past two years with our Cash and Mortgages Option featuring in the top two of the 'Best Cash Management Trust - Non Bank' category.
For 2009, La Trobe's Cash and Mortgages Option was awarded third place in this category.
We are very happy to receive this award for the third consecutive year as the cash sector has become increasingly competitive, especially with the unprecedented flow of cash to banks and yet we have remained in the top three in Australia in this category.
Of particular note is for the first time the La Trobe Australian Pooled Mortgages Option was awarded second place in the 'Best Mortgage Fund' category in Australia. We are very proud of this achievement as we have been competing with some of the leading international players in the Funds Management industry. Over the past six years La Trobe has been the quiet achiever in diligently managing the Pooled Mortgages Option and working our way through the ranks of mortgage funds to become one of the leading providers of mortgage fund investments.
It is a rare achievement for a boutique fund manager like
La Trobe to be named amongst some of the major institutions in Australia. We came second only to AXA. We also note that not only is our rate of return superior to the other funds across all time periods assessed including the current rate* but some of the other funds have presently frozen redemptions and are closed to new investors.
These awards coupled with our three research reports from Adviser Edge (for van Eyk), Standard and Poor's ("S&P") and Property Investment Research ("PIR")(2), the highest performance rating awarded by Morningstar for its category (as noted weekly in the Australian Financial Review) and the fact that we have not 'frozen our redemptions' and continue to pay a competitive rate of return relative to competitors means that our investment approach in managing our fund, and in particular the Pooled Mortgages Option, is now recognised in the industry as a leader.
The awards are featured in Money Magazine's latest release (Dec 2008/Jan 2009) available now.
You can access our independent research reports from Adviser Edge, S&P or PIR from our website or phone our Investor Liaison desk on 1800 707 707 to request a copy of the research reports.
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Head of Funds Management
t +61 3 8610 2811
Chris Andrews is the Head of Funds Management for the La Trobe Group and has responsibility for the La Trobe Australian Mortgage Fund.
Read full profile here.
La Trobe is one of Australia's leading independent specialist mortgage Financiers. Its business includes residential mortgages, commercial mortgages, and investment services operating one of Australia's largest Mortgage Funds under AFSL 222213. It employs over 115 staff and has raised over AUD$10Billion to assist over 100,000 customers since inception in 1952.
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