State Street Global Advisors (SSgA), an asset management business of State Street Corporation, is set to make its Retirement Lifestyle Solution funds available on netwealth investment platform.
The SSgA Retirement Lifestyle Solution funds include three plans – working years in the lead-up to retirement, active retirement and retirees aged above 80.
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SSgA was quoted by Financial Standard as saying that the netwealth launch is the first step in making the strategies available to financial advisers and direct investors through a range of investment platforms.
The funds will go live on netwealth on 16 October 2013. The SSgA is also offering a limited discounted fee offer of 0.55% compared to the normal 0.75% fee.
According to the investment manager, the funds invest in a range of assets, including alternatives, implemented through a combination of active, passive and ETF investments.
Australia-based netwealth is part of the netwealth Group headed by netwealth Holdings that provide a wide range of financial products and services to Australian investors and the financial planning industry.
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