Wholesale property clients Colonial First State Global Asset Management offers a wide range of products and services for wholesale clients, through trusts and managed investment schemes (wholesale funds) and under Investment Mandate Agreements.
Generally, wholesale funds are restricted for investment purposes to investors that meet the following criteria:
• Minimum investment amounts of $1 million or $5 million (defined for each fund in its offer document)
• Meets the criteria to be classified as a non-retail investor in accordance with s761GA of the Corporations Act 2001
As part of the wholesale fund application process, the investor is required to evidence its non-retail status, which we are required to verify as part of the application acceptance procedure, amongst other things such as Anti- Money Laundering/Counter-Terrorism Financing (AML/CTF) confirmation.
Please note that there are differing requirements in establishing non-retail status depending on the type of investor category you may be – this is particularly relevant for superannuation entities, businesses and sophisticated investors.
