Term deposits holders urged to diversify

Term deposit holders have been advised to grow their capital returns by reinvesting in the recovering property fund market.

Charter Hall direct property chief executive Richard Stacker told the Herald Sun that by learning from the mistakes of the global financial crisis (GFC), investors can enjoy a number of new opportunities "that get back to the basic qualities of property" such as a steady and predictable yield and conservative capital growth.

Hi comments come as Charter Hall launches a new unlisted industrial property fund, with Mr Stacker claiming there has so far been a very positive response from self-managed super funds and financial planners.

"Unlike many companies, we kept in close communication with investors throughout the hard times and that really helps when you ask people if they want to invest," he said.

"Since the start of this financial year people have switched back on to the opportunities that are around. They can’t stay in cash and term deposits forever."

The news may interest Aussies looking to compare term deposits while improving their investment portfolios. The Herald Sun revealed that Charter Hall’s new industrial fund will aim to avoid the problems of the GFC by having tight controls on the amount it can borrow, a target yield of 8.7 per cent a year and a seven-year investment time frame.

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