Coolabah Capital launches fund on Chi-X Australia
Coolabah Capital Investments has launched its first fund on the Chi-X Australia exchange – Coolabah Active Composite Bond fund.
The managed fund (FIXD) would be an active composite bond strategy offered to retail investors, having previously only been available to superannuation funds.
It seeks to find mispricing in government and corporate bond markets by investing in a diversified portfolio of defensive assets of investment grade including cash, government bonds and subordinated bonds. This would generate capital gains in addition to the yield on those securities.
The fund would aim to beat a benchmark of the Bloomberg AusBond Composite 0+Yr Index.
Ann Cheng, portfolio management director, and Ying Yi, market technicals analyst, said: “Clients are seeking the downside protection that fixed income offers in this time of market volatility, without needing to sacrifice consistent quarterly income or capital gains”.
Vic Jokovic, Chi-X Australia chief executive, said: “FIXD will help to broaden the range of options for investors seeking a more defensive allocation for their portfolio, which is critically important as global markets continue to prove volatile”.
AUTHOR
Laura Dew
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
