Ausbil recommended by Lonsec
Research house, Lonsec has granted the Ausbil Dividend Income Fund with a ‘recommended’ rating.
The fund, which was designed to primarily invest in S&P/ASX 200 companies, was recognised for being ‘true-to-label’ and an inclusion on most approved product lists (APLs) and its ‘well-resourced and demonstrated good breadth of investment and dealing skills’.
Portfolio manager, Michael Price, said the fund offered the opportunity for income investors such as self-managed super funds (SMSFs), those approaching retirement and retirees to diversify from traditional sources of income, such as fixed income and term deposits, towards the more attractive yields available in equities in this low rate environment.
“With an active dividend approach we are able to generate monthly distributions rather than half-yearly. This benefits investors seeking regular income who may have hesitated at the traditional half-yearly structure of distributions,” he said.
“In this low rate environment, and with people living longer in retirement, investors need diversified and higher income sources, with the potential over the long-term for capital to grow.”
Ausbil Active Dividend Income fund performance v sector and benchmark year to 31 July 2019
AUTHOR
Oksana Patron
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
