RaboPlus Innovation Proves a Winner Despite Economic Downturn
Summary
"The response confirms our position that if you offer innovative products and good returns, you will attract savvy investors, despite the economic downturn," Mr Heath says.The CAF was set up jointly by RaboPlus and AMP Capital Investors in response to the tax benefits resulting from the Portfolio Investment Entities (PIE) regime, introduced on October 1 2007." AMP Capital Investors Head of Sales and Marketing Anthony Edmonds says the Cash Advantage Fund is proving extremely popular with investment advisers throughout the country.This offering continues to attract new customers, and investment in RaboPluss PIE product, the Cash Advantage Fund (CAF), has exceeded the $500 million milestone - making it the seventh largest single fund in New Zealand.The CAF was set up jointly by RaboPlus and AMP Capital Investors in response to the tax benefits resulting from the Portfolio Investment Entities (PIE) regime, introduced on October 1 2007."AMP Capital Investors Head of Sales and Marketing Anthony Edmonds says the Cash Advantage Fund is proving extremely popular with investment advisers throughout the country.