Veritum Equity fund added to platforms
Copia Investment Partners has announced that the Veritum Equity Income Fund has been added for five major investment platforms including Macquarie Investment Manager/Consolidator, the Macquarie Super Manager/ Consolidator, the AMP MyNorth, MLC 360, and Navigator platforms.
The fund, which offered a defensive Australian equity strategy seeking an income stream of 6% to 8 % and with a focus on capital preservation over a market cycle, was designed for retirees and other defensive investors seeking attractive returns in a low interest rate environment.
“The inclusion of the Veritum Equity income Fund in retirement models and platforms reflects a broader shift as advice groups seek to reduce sharemarket volatility for retiree clients, without abandoning equities altogether,” Copia’s general manager of distribution, John Clothier, said.
The fund delivered an income return of 6% per annum since inception in April 2017, with approximately half of the risk of the share market in terms of standard deviation and maximum drawdown (largest decline in its value) and held approximately 30 stocks and some of its key investments include BHP, Lendlease, James Hardie and ANZ, the firm said.
AUTHOR
Oksana Patron
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
As private markets gain traction in Australia but only a limited pool of talent is available, three recruiters explore whether fund managers should consider looking overseas to find top talent.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
