Strong fixed income demand drives Daintree Capital FUM
Investors’ strong demand for fixed income strategies has helped increase Daintree Capital achieve a milestone for its funds under management (FUM) at $200 million.
The firm said the strong demand for income-producing strategies in a low interest rate environment led to a hunt for yield across asset classes, particularly from retirees and other conservative investors who traditionally relied on term deposits for their income.
“With record low interest rates likely to persist, investors are increasingly looking to meet their income needs from a flexible, total return-focused strategy with strict risk limits,” Justin Tyler, Daintree’s director and portfolio manager – interest rates and currency, said.
Mark Mitchell, Daintree’s managing director and portfolio manager of credit, stressed that thanks to being a global unconstrained fixed income manager, his firm could position itself successfully on either side of rising or falling markets.
“Our primary goal is to deliver reliable income streams and capital stability regardless of market conditions,” he said.
The Daintree Core Income Trust, was one of the three finalists in the Emerging Manager category in the Money Management’s 2019 Fund Manager Awards.
AUTHOR
Oksana Patron
Recommended for you
The $365 billion UK fund manager Royal London Asset Management is to launch two funds in Australia by the end of November as it seeks to build an international presence.
With ETF pricing becoming more competitive than ever, those active ETF vehicles priced higher than 120bps are the only segment of the popular product to see outflows.
Income Asset Management has promoted former ASIC commissioner, Danielle Press, as chair of its board following the retirement of John Nantes.
Lazard Asset Management has announced the launch of a new global equity fund, expanding its qualitative offering for Australian investors.
