LM secures Singapore registration and pursues global growth; Singapore accredited investors granted ready access to Australia's well performing property markets
SURFERS PARADISE, Australia, Sept. 6, 2012 /PRNewswire/ — Australian fund manager, LM Investment Management Ltd (LM) has further expanded its global distribution, securing registration with the Monetary Authority of Singapore (MAS) to allow Singapore accredited investors access to the strength and resilience of Australia's property markets.
Via the LM Australian Income Fund, Singapore accredited investors can now access a rolling 7 day investment that holds only Australian debt securities and cash, and invests in prime opportunities across the well performing property markets of Australia.
It is the first of many international jurisdiction registrations underway for the LM Funds, spearheading overwhelming global demand for established Australian investment opportunities across a range of asset classes.
LM founder and Chief Executive Officer, Peter Drake says its Singapore registration is a significant step forward in the strategic international growth of LM Investment Management.
"As an Australian operating fund manager LM holds a distinct advantage in the market. Singapore is a major business opportunity to support our international growth."
"Our projections reveal that our Singapore registration will increase global inflows by 10 per cent in the next 12 months alone," says Peter Drake.
According to Peter Drake, over the past 14 years LM has grown its global business to receive investment inflows via a network of licensed financial advisers, intermediaries, platforms and institutions, now spanning more than 70 countries.
"Although our growth has historically been supported by our position as a licensed Australian Responsible Entity in Australia operating within one of the most tightly regulated financial services sectors in the world, intelligence from new regions we are pursuing indicates further international registrations will fast track our global growth, provide the necessary comfort, whilst delivering highly-sought Australian investment solutions to the world."
"It is gratifying to know that we can now provide Singapore residents access to Australian investment opportunity, via the recommendation of a licensed Singapore financial intermediary and a structured investment portfolio," says Peter Drake.
LM is in the final stages of registrations in Canada, United Kingdom, Dublin, Luxembourg and Hong Kong jurisdictions.
LM provides investors worldwide access to Australian investment solutions, and holds only Australian assets with a gross realisable value in excess of A$3 billion under management.
About LM Investment Management Ltd (LM):
- Markets investment products licensed IFAs and institutions, rather than the investing public.
- Receives investment inflows from over 70 countries, and is further expanding in the UK and the Americas Employs 130 staff worldwide for the marketing and management of the LM funds and its assets.
- Operates from eight offices worldwide – Gold Coast and Sydney in Australia, Auckland and Queenstown in New Zealand, Hong Kong, Bangkok, London, Dubai and Johannesburg.
- Provides Australian-only investment products across a range of asset classes: cash; savings; conservative, enhanced and retirement income – debt securities and cash; Luxembourg domiciled SICAV-SIF; Australian equities – fully protected income and capital protected growth.
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