Ventura. Your good fortune.

Ventura is pleased to confirm the successful completion of the project to revitalise Ventura.

Firstly, and most critically, we have retained Russell as investment consultant for the Ventura Managed Investment Portfolios; a decision endorsed by the recent Lonsec rating of Russell as 'Highly Recommended'. Now operating under an institutional-style relationship, we are able to provide several key benefits to investors and our supporting advisers. Here is a summary of these enhancements:

Reduced pricing

From 17 November 2011 we will be issuing new units (to be known as 'Class A') in the Ventura Funds at pricing parity with the Russell equivalent portfolios (see below table). The existing units (to be known as 'Wholesale') will remain open in a 'soft close' environment, meaning existing investors are able to remain and continue to invest into the Wholesale units. However, any movement from the 'Wholesale' units to 'Class A' will be a CGT event.

APIR Code Fund New est. ICR
VEN0029AU
Ventura Capital Stable Fund – Class A
0.70
VEN0028AU Ventura Diversified 50 Fund – Class A 0.80
VEN0027AU Ventura Growth 70 Fund – Class A 0.86
VEN0009AU Ventura High Growth 100 Fund – Class A (name change only) 1.04
VEN0030AU Ventura Australian Shares Fund – Class A 0.81
VEN0026AU Ventura Australian Opportunities Fund – Class A 1.26
VEN0031AU Ventura International Shares Fund – Class A 1.01
VEN0008AU Ventura Global Opportunities Fund – Class A (name change only) 1.11

While these changes will be effective immediately for wholesale direct investments (ie via our PDS), there may be some delay in the new units becoming available on the various platforms; we will keep you informed of developments and estimated timeframes of these shortly.

Name change for the Ventura Capital Stable Fund

To conform with updated fund naming conventions and to better reflect the underlying investment philosophy, we will be changing the name of the Ventura Capital Stable Fund to the Ventura Conservative Fund.

Second Supplementary Product Disclosure Statement (SSPDS)

These enhancements are reflected in the below link to the SSPDS in relation to the Ventura Managed Investment Portfolios.

Clarity in relation to servicing and ancillary benefits

As an institutional client of Russell, there are several benefits we look forward to delivering to our supporting advisers:

  • more timely and greater quality information regarding the Ventura portfolios and markets
  • continuity of access and invitations to events such as 'Annual Investment Summit', 'Manager luncheons', and 'Manager walking tours'.
  • the Ventura website has undergone a complete overhaul and will continue to be enhanced. It will be become your complete resource centre for portfolio and market information.
  • 'on the ground' service from the Russell retail distribution team is not included under the new institutional-style relationship, all contact will be via your Ventura representative. We will be adding to the team in the New Year an additional resource to be based in Melbourne that will free up the existing team and better service the southern states
  • Work has begun on a project to provide transactional feeds to our website and software providers for advisers with direct business with us (ie off-platform investments)

We are excited about the great opportunity for development from here, and look forward to continuing to provide a robust framework for Ventura's independent oversight which benefits our supporting advisers, but more importantly, our investors.

Click here to read the Press Release.