Managed funds

Managed funds are professionally managed investment portfolios with specific investment aims (e.g. to follow or do better than the market) and investment mixes (e.g. shares, bonds, etc).

BT Invest gives you access to a range of managed funds including:

  • Diversified funds (e.g. growth, balanced)

  • Sector funds (e.g. Australian and international shares)

  • Specialist funds (e.g. alternative)

Below is a summary of the managed fund investments.

Diversified funds

  • Advance Defensive Multi-Blend Fund

  • Advance Moderate Multi-Blend Fund

  • Advance Balanced Multi-Blend Fund

  • Advance Growth Multi-Blend Fund

  • Advance High Growth Multi-Blend Fund

Sector/specialist funds

Cash

  • Advance Cash Multi-Blend Fund

Fixed Interest

  • Advance Australian Fixed Interest Multi-Blend Fund

  • Advance International Fixed Interest Multi-Blend Fund

  • AMP Capital Wholesale Plus Corporate Bond Fund

  • BT Australian Fixed Interest Index Fund

  • BT International Fixed Interest Index Fund

  • BT Wholesale Plus Fixed Interest Fund

  • Franklin Templeton Wholesale Plus MultiSector Bond Fund

  • Goldman Sachs Wholesale Plus Growth & Emerging Markets Debt Local Fund

  • Kapstream Wholesale Plus Absolute Return Income Fund

  • Macquarie Wholesale Plus Income Opportunities Fund

  • Perpetual Wholesale Plus Diversified Income Fund

  • PIMCO Wholesale Plus Diversified Fixed Interest Fund

  • PIMCO Wholesale Plus Global Bond Fund

  • Schroder Wholesale Plus Fixed Income Fund

  • UBS Wholesale Plus Australian Bond Fund

Australian Shares

  • Advance Australian Shares Multi-Blend Fund

  • Advance Australian Smaller Companies Multi-Blend Fund

  • Bennelong Wholesale Plus ex-20 Australian Equities Fund

  • Blackrock Wholesale Plus Australian Equity Opportunities Fund

  • BT Australian Shares Index Fund

  • BT Wholesale Plus Core Australian Share Fund

  • BT Wholesale Plus Property Securities Fund

  • Fidelity Wholesale Plus Australian Equities Fund

  • Ironbark Karara Wholesale Plus Australian Shares Fund

  • Ironbark Karara Wholesale Plus Australian Small Companies Fund

  • NAM-Tyndall Wholesale Plus Australian Share Portfolio

  • Perpetual Wholesale Plus Australian Fund

  • Schroder Wholesale Plus Australian Equity Fund

  • UBS Wholesale Plus Halo Australian Share Fund

International Shares

  • Aberdeen Wholesale Plus Actively Hedged International Equity Fund

  • Advance International Shares Multi-Blend Fund

  • BT International Shares Index Fund

  • BT Wholesale Plus Core Global Share Fund

  • BT Wholesale Plus Global Emerging Markets Opportunities Fund

  • Fidelity Wholesale Plus Global Equities Fund

  • Lazard Wholesale Plus Emerging Markets Equity Fund

  • Magellan Wholesale Plus Global Fund

  • T.Rowe Price Wholesale Plus Global Equity Fund

  • Walter Scott Wholesale Plus Global Equity Fund

  • Wingate Wholesale Plus Global Equity Fund

Property/Infrastructure

  • Advance Property Securities Multi-Blend Fund

  • APN Wholesale Plus AREIT Fund

  • BT Property Securities Index Fund

  • BT Wholesale Plus Global Property Securities Fund

  • RARE Infrastructure Wholesale Plus Value Fund - Hedged

  • RARE Infrastructure Wholesale Plus Value Fund - Unhedged

Alternative/Other

  • Advance Alternative Strategies Multi-Blend Fund

  • K2 Wholesale Plus Australian Absolute Return Fund

  • Man AHL Wholesale Plus Alpha (AUD) Fund

More information on the asset allocation and risk exposures of each fund can be found in the respective Product Disclosure Statement (PDS), available when you open your BT Invest account.

If you want to know a particular funds performance, more information is in the respective Product Disclosure Statement (PDS), which is freely available online after opening a BT Invest account (you can open a BT Invest account without needing to make a deposit).

Fees

0.5% + $60 + Varies^ + NIL
BT Invest administration cost (p.a.) Management cost BT Invest Transaction costs

For example, if you made a managed fund investment of $10,000 during the year into the Advance Balanced Multi-Blend Fund (which has a management cost of 0.87% p.a.), you'd pay:

$110 + $87 = $197 p.a.
BT Invest administration cost Management costs Total cost

 

^Management costs vary, depending on which managed fund you choose. They are the indirect costs of investing in a fund and:

  • are not deducted directly from your account, rather included in the unit price of the respective fund (but are still an additional cost to you)
  • can include performance fees, accounting, auditing and other operational and compliance costs
  • are not commissions or conflicted payments, and
  • are commonly measured and reported as a percentage figure called the Indirect Cost Ratio (ICR).

In addition, a buy/sell spread is charged by the product issuer on a buy or sell of units in those funds.

It is applied before the unit price is provided to us (but is still an additional cost to you). The amount of the buy/sell spread varies but a typical buy/sell spread is estimated to be between 0% and 1% but may fall outside this range.

 

If you want to know a particular fund’s fee and costs, they are quoted in the respective Product Disclosure Statement (PDS), which is freely available online after opening a BT Invest account (you can open a BT Invest account without needing to make a deposit). For further information see the ‘Fees & Costs’ section of the BT Invest Investor Guide and the ‘What are the fees and other costs?’ section of the BT Managed Portfolios PDS.

View other investment choices

Go back to Build Your Own options

Listed securities, typically referred to as shares, can be part-investments in an individual business traded on the Australian Securities Exchange (ASX). Listed securities also include financial products which track the performance of an index, such as Exchange Traded Funds (ETFs).

Managed portfolio options are a portfolio of assets made up from managed funds, shares (which may include exchange traded funds) or cash. They are monitored by an appointed investment adviser to ensure the right investments in the right proportions are in place.

A term deposit is a cash investment held at a financial institution (e.g. a bank) for an agreed interest rate over a fixed term, so the interest rate does not generally change for the nominated term.

New to investing or want an expertly managed portfolio? You may like to consider one of five Ready-made managed portfolio options

Westpac customers

Simply log into Westpac Online Banking to open an account in minutes. No fees or costs are incurred in opening an account, allowing you to explore the available investment options. Fees only apply once you make your first deposit into your BT Invest Cash Management Account.

New customers

If you don't have a Westpac bank account, you can open an everyday banking account in 3 minutes. You can then complete your pre-filled BT Invest application via Westpac Online Banking.

Things you should know

*Retail Funds Under Administration as at June 2015 for the BT Financial Group (BT), (Source: Plan for Life). 

BT Portfolio Services Ltd ABN 73 095 055 208 AFSL 233715 (BTPS) operates BT Invest. Throughout this website, BTPS is referred to as 'the Administrator', 'us' or 'we'. BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (BTFM) is the responsible entity and issuer of interests in BT Cash and Westpac Financial Services Ltd ABN 20 000 241 127 AFSL 233716 is the responsible entity and issuer of interests in BT Managed Portfolios (the Panorama products). Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac) is the issuer of the BT Invest Cash Management Account (BT CMA). Together, these products are referred to as the BT Invest products. A Product Disclosure Statement or other disclosure document (PDS) for the BT Invest products can be obtained by contacting BT on 1300 881 716 or by clicking here. You should obtain and consider the disclosure documents before deciding whether to acquire, continue to hold or dispose of interests in the BT Invest products. Unless otherwise stated, capitalised terms used in this website have the meaning given in the BT Invest Investor Guide. Any tax position described in this website is a general statement and for guidance only; it does not constitute tax advice and is based on current tax laws and our interpretation. You should seek independent professional tax advice.

BTPS, BTFM and WFSL are subsidiaries of Westpac. Apart from any interest investors may have in Westpac term deposits, Westpac securities or the BT CMA acquired through the BT Invest products, an investment in, or acquired using, the BT Invest products is not an investment in, deposit with or any other liability of Westpac or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of any investments in, or acquired through, the BT Invest products.