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(December-2001) Rothschild offers tax exempt super trust
Rothschild has released a second international superannuation trust, which it hopes to get on as many master trust menus as possible.
Managed by US mutual funds giant Putnam Investments, the Rothschild Discovery Global Tax Exempt Trust is aimed at Australian superannuation funds, master trusts and investors with more than $100,000 to invest.
For do-it-yourself superannuation investors, segregated pension assets will be accepted by the trust, which means investors are exempt from paying tax on any income and capital gains generated by the investment.
Rothschild senior manager of product development Mark Watmore says there has been high demand for this sort of product from master funds, with the tax-exemption a particularly sought out feature for a fund on their menus.
“This international equities product is particularly advantageous for master funds providing access to a suite of tax-exempt Rothschild superannuation products to their clients — Rothschild launched a tax-exempt Balanced Super Trust and also Property Super Trust in early 2000,” he says.
He adds that the trust will be managed in line with Putnam’s core investment style, which is “to combine top down analysis of countries and sectors and bottom up company selection, resulting in a portfolio of stocks which offer both value and potential for future growth”.
The trust has been available since October 1, and has been picked up by Statewide Master Trust in South Australia.
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