Bentham opens credit securities fund to SMSFs and retail investors

Retail investors and financial advisers will now be able to invest in the actively managed Bentham Global Opportunities Fund with a minimum investment of $10,000. 

The $500 million fund, which was previously only open to wholesale investors, offers access to a diversified, multi-sector global portfolio of credit securities such as global high-yield bonds, investment-grade securities, asset-backed securities, and derivatives.

According to Bentham, the new minimum investment will make it an attractive entry point not only for financial advisers but also for self-managed super fund (SMSF) investors and retirees seeking a reliable income stream.

The fund has found a receptive audience in the institutional markets since it was launched over six years ago, according to Richard Quin, Bentham’s principal and chief investment officer. 

“Due to increased demand for this strategy, we are very pleased to provide a wider range of investors the opportunity to access the fund,” he said.

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“We expect investment returns from credit in 2023 to remain bumpy, but the potential returns over the medium term remain attractive, with credit spreads trading above historical averages. With rates normalising and credit spreads at current levels, returns from fixed income and credit look attractive relative to many other asset classes, including listed equity markets.”

He added that Betham’s investment philosophy is based on a systemic investment process and strong credit culture, with a focus on protection against downside risk.

Quin said: “We have rigorous investment approach where our experienced investment team seeks to add value through economic cycles by identifying the most attractive relative value investment ideas on a risk-adjusted basis combined with an opportunistic overlay. This is achieved by combining top-down macro and bottom-up fundamental analysis.”

The global fixed interest and credit investment manager has also announced the internal promotion of Larry Francis, a business development analyst, to wholesale distribution manager for NSW and Queensland.

Francis joined Bentham over three years ago and has previously been part of the distribution teams for Clime Asset Management and Grant Thornton Australia.

“We are pleased to broaden our client coverage in Australia as part of our efforts to provide quality service to our valued investors and the financial advisory community,” Quin added.