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Property growth is dead for the next decade: Milford

A leading fund manager says the structural deflation that made Australians real estate millionaires is over and investors should get ready for a decade of little to no capital growth in housing.

WHAT THE ETF? Aussie industry sets AUM record in January, and it was led by crypto?

Fee reduction for flagship Milford fund | Money Management

Head of Australian business, Kristine Brooks, said: “I want to ensure that our offer reflects our commitment to support financial advisers and their clients, as well as our desire to expand our adviser client base. Advisers will now have access to the same performance and team, at a fee that is more accessible”. Brooks had previously spoken about how the New Zealand firm was looking to target financial advisers after having spent time getting the funds rated and on nine Australian platforms. The Milford Australian Absolute Growth fund had returned 24.3% over one year to 31 May, according to FE Analytics, versus returns by the Australian Core Strategies absolute return sector of 15%.

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