The Vertium Equity Income Fund has been added to BT Wrap’s IDPS and superannuation menus.
In announcing the addition, chief investment officer, Jason Teh, said he was pleased to see the fund gain traction among financial advisers.
General Manager of Vertium’s parent company, Distribution at Copia Investment Partners, John Clothier, said the fund was added in response to an increasing need for equity income solutions as Australians are living longer and need to draw from their savings for a longer period.
“Designed for retirees, the fund gives advisers the opportunity to offer a product that may help meet their clients’ long-term income and growth needs, while aiming to reduce risk relative to the Australian share market,” he said.
Launched last year, the fund is recommended by research house, Lonsec and is also available on FirstWrap and Hub24.