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RaboPlus expands managed funds online platform

RaboPlus, an online service offered by Rabobank, has added the Merrill Lynch Global Allocation Fund Australia to its wholesale managed funds online platform.

RaboPlus customers can access a selection of wholesale managed funds with $250 to invest and an entry fee of 0.75%.

The actively managed fund primarily invests in global shares, fixed income and emerging markets and can increase or decrease exposure to fixed income investments when equity market conditions are more or less volatile.

The new fund from BlackRock Investment Management (Australia) increases the number of funds on the RaboPlus platform to 58 with global multi-sector funds, representing roughly 20% of the offering.

Tim Hewson, senior manager of investments and managed funds for RaboPlus, said: The fund aims to generate consistent returns with low volatility and is ideally suited for the many first time managed fund investors on RaboPlus.