New fund aims at retirees
New fund, Trilogy Enhanced Cash aims to provide above cash returns for investors with a limited appetite for risk, such as retirees or those approaching retirement, and offer investors a seven day access to capital.
According to Trilogy, 70 per cent of the fund’s investment portfolio would be invested in bank term deposits while the remaining 30 per cent of the investment portfolio would go into the Trilogy Monthly Income Trust aiming to provide enhanced returns, which would allow a payment to investors at a 4.25 per cent net rate of return for the month.
Trilogy Funds’ executive director, John Barry, said the fund was designed to offer investors a combination of the stability of cash-style investments with access to yield available from an investment in a mortgage trust.
“The inspiration for Trilogy Enhanced Cash came from trying to imagine an investment product that might suit every day retired Australian – like our parents – who have stopped working and just don’t have the ability to accept any significant risk with their investments,” he said.
“In the past the simple answer would be to just place a good chunk of cash in a term deposit.
“But with interest rates as low as they are right now they might as well just shove money under a mattress.”
Investors could join Trilogy Enhanced Cash with as little as $5,000 and there was no minimum additional investment amount on top the initial investment.
AUTHOR
Oksana Patron
Recommended for you
Funds under management at Pinnacle Investment Management are approaching $180 billion, helped by a substantial jump in FUM from its overseas affiliates.
Warakirri Asset Management has partnered with US-based investment manager ClariVest to give Australian retail and wholesale investors access to the firm’s global small companies strategy.
Global X has come out fighting in the race to the bottom for ETF fees with an Australian equity ETF offering fees of just 0.04 per cent per annum, less than half those of the $20 billion Vanguard Australian Shares Index ETF.
Betashares has expanded its equity range, launching its latest Australian equity ETF and reducing the management fee on its existing global dividend ETF.
