InvestNow buys RaboDirect's Managed Funds for undisclosed sum

Tue, 03 Oct 2017

By Rebecca Howard Oct. 3 (BusinessDesk) - Wellington-based managed funds platform InvestNow has bought the Managed Funds product line of Rabobank New Zealand's RaboDirect, beefing up its client base and giving those new customers access to a broader range of funds. InvestNow, which launched last January, said its platform includes all the funds currently offered by RaboDirect, plus a range of additional funds and managers not offered, including passive funds provided by Vanguard and the NZX-owned Smartshares, it said in a joint press rele...

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