Billion dollar breakthrough for Australiaís largest Mortgage Fund
The Sandhurst Select Mortgage Fund has pushed through the $1 billion mark in funds under management for the first time since November 2011.
Paul Rohan, Head of Wealth at Bendigo and Adelaide Bank said: "The Sandhurst Select Mortgage Fund has been steadily growing in popularity with our customers and this is a wonderful milestone for the bank and our Sandhurst Trustees business in particular".
"Sandhurst adopts a disciplined and conservative approach to funds management and one of our key investment objectives is the preservation of investor capital. Itís a source of considerable pride within our company that during the GFC, we were one of the few Australian investment managers to keep mortgage funds open and pay withdrawals within normal timeframes".
"Throughout the full range of market conditions over the past 20 years, the Sandhurst Select Mortgage Fund has met or exceeded the indicative return rate announced at the beginning of each quarter more than 86% of the time".
"Our customers continue to see this fund as an attractive, value for money alternative to traditional cash deposits, particularly given that we have a competitive management fee and do not charge account keeping fees, entry or exit fees".
"Sandhurst Trustees has a long history of providing quality financial services and products and has a demonstrated ability to effectively manage customer wealth during the most difficult and challenging economic periods".
"It may have taken us 128 years to become an overnight sensation, but increasingly, our customers are realising the benefits of Sandhurstís range of cost effective, award-winning products available through our growing Bendigo Bank retail branch network", Mr Rohan concluded.
For further information on the Select Mortgage Fund (or any of our other products), please visit our website: sandhursttrustees.com.au
Sandhurst has $1,208M in FUM across its two mortgage funds