The newly-formed Switzer Dividend Growth Fund has raised more than $60 million directly from investors in two weeks, according to sources.
The offer period for the listed fund opened on January 30 and closed on February 17.
Switzer Asset Management, previously known as Halidon Asset Management, is jointly owned by Contango Asset management and Switzer Financial Group.
Financial commentator Peter Switzer is chairman of the group and Paul Rickard, the founding managing director of CommSec, is a non-executive director.
Contango boss George Boubouras is a director of the new Switzer large cap fund while broker Charlie Aitken is an independent committee member.
James Packer-backed Contango will play a large role in managing the new Exchange Traded Managed Fund Product (ETP).
This column revealed plans for the active ETP last month.
The investment management fee is pegged at 0.89 per cent per annum and there are no performance fees.
The ETP will focus on a core portfolio of blue-chip Australian shares, particularly companies paying fully franked dividends.
