Equity Trustees added to Austock Life menu
Equity Trustees' Mortgage Income Fund has been added to the menu of Austock Life's Imputation Bond offering.
Austock Life managing director Ross Higgins said this week that Equity Trustees had been appointed as the mandated manager for the Imputation Bond's Australian mortgages menu option.
He said it represented a timely and complimentary addition to the Bond cash, fixed interest and term deposits suite, which had experienced significant inflows over recent times.
"It is very important to many of our investors - especially those using the Imputation Bond's estate planning and aged care strategies - to have stability and reliability of the underlying investments," Higgins said.
He said the ability of Equity Trustees' mortgage fund to generate regular income, combined with its excellent track record of risk management and zero capital loss, had made it an attractive addition to the Imputation Bond menu.
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