BNP Paribas Australian Equity Benchmark Insensitive Trust
BNP Paribas Asset Management Australia (BNPP AM) has launched the BNP Paribas Australian Equity Benchmark Insensitive Trust, a concentrated portfolio of approximately 30-40 stocks.
Specialist wholesale Australian equities manager JCP Investment Partners will manage the trust, which is targeting a return of 6% per annum in excess of the S&P/ASX 300 Accumulation Index over rolling 5-year periods.
JCP is a fundamental growth style manager with funds under management of over $5.3 billion.
“In partnering with JCP, we are able to provide access to a compelling capacity-constrained Australian Equity strategy that has previously not been available to retail investors. This is a natural extension to our already strong line up of high conviction global equity strategies”, BNPP AM Australia chief executive officer, David Grybas, said.
The fund has a minimum investment of $25,000.