Bentham posts its fourth fund to the ASX
Bentham Asset Management has added its fourth fund, the Bentham Asset Backed Securities fund, to the Australian Securities Exchange (ASX) mFund Settlement Service.
The fund, which, according to FE Analytics returned 5.15 per cent for the two years from 31 October 2016 to 30 November 2018, compared to its benchmark, the Bloomberg AusBond Bank Bill, which returned 1.83 per cent for the same period.
The fund’s chief investment officer, Richard Quin, said the fund provided investors with access to a global floating-rate income strategy, which targeted real returns over cash.
Quin said the firm saw a need in the Australian market for a conservative monthly income fund which could provide yield above cash or term deposits while focusing on global investments.
“If anything, the need for such a fund is increasing, which is why we are now making it available via mFund,” he said.
The chart below shows the performance of the fund as compared to its benchmark for the two years since its inception.
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