Zenith takes research award
Zenith Investment Partners has taken the top spot in the Peter Lee Associates 2012 Research Houses Review.
“In addition to the number number one rankings, the Zenith team was very pleased with the results achieved in many of the key categories assessed by the Peter Lee Associates review,” said Zenith head of sales John Nicoll.
“2012 has been a milestone year for Zenith, with dealer groups and IFA businesses of all sizes now utilising our services. The range of dealer groups we are working with now, is a clear indication that we have the right resources, tools and support to help adviser businesses of all sizes deliver the best possible investment solutions to their clients. And we will continue to ask advisers what they need in a bid to make sure we are providing the best solutions for the future too”.
NAOS launches new fund
NAOS Asset Management is expanding its investment product offering in the Australian equities market with the launch of the NAOS Emerging Opportunities Company Limited.
According to a NAOS statement, the new listed investment company has been established to fill a gap in the listed investment company landscape, by providing investors with high quality, transparent and concentrated exposure to emerging companies that are listed outside the S&P/ASX 100 Accumulation Index.
“In Australia, the All Ordinaries Accumulation Index is the key market index used to assemble investment portfolios but is highly weighted toward materials and financial companies (over 60% by market capitalisation). As a result, emerging investment opportunities across a diverse range of industries, such as digital media, pharmaceuticals and telecommunications services are often overlooked,” said NAOS Asset Management fund manager Sebastian Evans.
“The new fund aims to take advantage of the market inefficiencies and provide the investor with a concentrated exposure to emerging companies in high growth industries that are overlooked by the current listed investment company offerings.”
ASFA appoints new director
The Association of Superannuation Funds of Australia (ASFA) has welcomed the appointment of a new director to its board.
David Elia, CEO of HOSTPLUS Superannuation Fund, attended his first board meeting as an ASFA director, representing industry funds.
"We are extremely pleased to have someone of David's calibre join the ASFA Board and I'm confident our members will feel the same," said ASFA CEO Pauline Vamos.
Sunsuper chief executive officer Tony Lally was also re-elected Chair of the Board during the AGM, continuing his tenure for a fourth year.
SPAA announces new board member
The SMSF Professionals’ Association of Australia (SPAA) has announced the appointment of Brett Kenny to the SPAA Board. He has been actively involved in building SPAA’s Victorian State Chapter.
Kenny is an experienced accountant with more than 30 years of experience. He is currently a director with the Melbourne-based accounting firm Rogerson Kenny, where his main role is to provide taxation services to the growing clientele from the SMSF sector.
“We welcome Brett to the SPAA Board. His work and experience in the SMSF sector will provide invaluable support to our members,” said SPAA CEO Andrea Slattery.
“Our sector has witnessed a lot of regulatory changes this year, with many of these involving tax, accountancy and auditing issues, so Brett’s knowledge in these fields will be a bonus to the board.”