Wheelhouse goes retail

Wheelhouse Investment Partners has made the move into the retail market, launching its Wheelhouse Global Equity Income Fund to the retail market.

Announcing the move today, the company said the fund has been available to sophisticated and institutional investors since May 2017 and aimed to deliver improved investment outcomes to Australian retirees.

Commenting on the product, Wheelhouse portfolio manager, Alastair Macleod said the fund was intended to address the dual concerns of market volatility and longevity risk.

“Large investment losses, particularly in the five to 10 years immediately preceding and after retirement, can be devastating for retirees,” Macleod said.

The fund’s underlying portfolio is based on the Morningstar Developed Markets Ex Australia Wide Moat Index, a semi-active index that was constructed specifically for Wheelhouse Investment Partners.

The stocks comprising the index are based on the fundamental view of Morningstar’s team of more than 100 stock research analysts. The index composition changes quarterly, based primarily on selecting the most attractively-valued securities in the coverage universe.

All stocks that appear in the index are required to be rated ‘Wide Moat’ which, as defined by Morningstar, are companies with a structural business characteristic that supports a firm to generate excess economic returns for an extended period of time.

The fund’s strategy integrates a tailor-made derivative overlay, purpose-built for Australian retirees.

The move follows the partnership formed between boutique fund incubator Bennelong Funds Management and Wheelhouse Investment Partners in May 2017, which brought the number of partnerships Bennelong has with specialist asset managers to eight.




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