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Physical gold to be offered via retail fund
ABC Bullion, the bullion trading division of Pallion, has announced the expansion of its partnership with Australian investment manager, Cor Capital.
Under the arrangement, Cor Capital Fund, the only diversified managed investment scheme with a meaningful strategic allocation to LBMA accredited physical gold bars that are refined, traded and stored in Australia, will be available to investors via a retail superannuation platform — Yellow Brick Road's brightday Complete Super.
Commenting on the move, ABC Bullion chief economist, Jordan Eliseo said that until now anyone who wanted to own physical gold inside their super had to have a self-managed superannuation fund (SMSF).
"We are delighted that our clients, who have long looked for a simple and transparent way to invest in a truly diversified fund with a meaningful gold allocation, now have a professionally managed solution," he said.
Cor Capital managing director, Davin Hood, said his company was excited it could now offer such a solution to a wider range of Australian investors through a retail superannuation plan.
"Physical gold bullion, when approached in the right way, is an essential holding for investors seeking stable positive returns," he said.
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