Apex selected to service new Hamilton12 fund 28 March 2023Australia Reporter: Lucy Carter
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Investment strategies provider Hamilton12 has selected Apex Group (Apex) to service its Australian Shares Income Fund, which launches this month.
Apex will provide fund administration, transfer agency and custody services to the new fund.
The fund aims to generate long-term after-tax returns for Australian resident investors. It follows the systematic and rules-based approach that the company uses to produce positive, risk-adjusted returns at a lower cost.
The existing Hamilton12 Australian Diversified Yield Index already uses this format, with the portfolio allocated towards securities with high-franked dividend yield. Risk is mitigated through diversification of the fund across industry sectors.
Nick Bradford, head of business development for Australia and New Zealand at Apex, says: “Hamilton12’s appointment of Apex Group for fund administration, transfer agency and custody services is yet further recognition of the compelling benefits and efficiencies of our single-source model.”
“Following the integration of Apex’s acquisitions in Australia, we have continued to see strong client demand in the first quarter of 2023 for our expanded suite of services.”
Richard McDougall, managing director and co-founder of Hamilton12, comments: “Apex Group’s single-source solution means that we can access all the fund administration and custody services via one contract, delivered by an experienced local team. We have been impressed with their advice and adaptability in bringing our fund to market, and are confident in their ability to offer scalable solutions as we grow.”
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