4th March 2009
More accolades for La Trobe's Mortgage Fund
In December last, we were pleased to announce that two of the investment options in our Mortgage Fund had won Awards from one of Australia's most popular and respected financial publications, Money Magazine, which independently reviews and awards financial products across 3 main categories: Investing, Banking and Spending.
We are now thrilled to announce that Australia's pre-eminent financial journal, the Australian Financial Review, in its specialist investment magazine, Smart Investor, has also recognised the Cash & Mortgages Option and the Pooled Mortgages Option within the La Trobe Australian Mortgage Fund with top awards in their investment categories.
The Cash & Mortgages Option was named the Top Cash Management Account:
Click table below to expand
The Pooled Mortgages Option was named the Top Mortgage Fund:
Click table below to expand
What is particularly pleasing about these Awards is that they not only confirm the earlier Money Magazine Awards, but they also reflect our outperformance against many of the "big name" fund managers.
The Pooled Mortgages Option - in a winning category of its own
Readers will recall the stresses placed on the liquidity of mortgage funds during 2008. We are proud to note that, of the top 10 mortgage funds listed in the table above, our Pooled Mortgages Option is the only fund in the category that continues to pay redemptions without condition3. All other 9 funds in this category have placed some limitation or condition on redemptions, ranging from indefinite suspension to redemptions subject to quarterly withdrawal offers. As Smart Investor notes, "many mortgage funds have had their redemptions frozen or limited in recent times. Morningstar records 38 funds in this position (including 11 aggressive mortgage funds)."
Our Pooled Mortgages Option is in a category of its own in that all through 2008 and continuing, we have met redemption requests on time and in accordance with the requirements of the Fund, and we continue to monitor our liquidity requirements on a daily basis and in accordance with ASIC's requirements.
Our Pooled Mortgages Option has also outperformed the other 9 funds listed over one, three and five year investment periods, reflecting a consistent investment performance generated by our differentiated investment structure and internally managed asset pool over a range of market conditions.
We are pleased and honoured to be able to continue to deliver consistent investment returns in line with our objectives, and to meet our investors' expectations.
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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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