Challenger launches absolute return fund

challenger fund

11 April 2017
| By Oksana Patron |
image
image
expand image

Challenger has launched its Absolute Return Global Bond Strategies Fund, in partnership with Standard Life Investments, which will target Australian retail investors.

The new fixed income product would be expected to provide a steady stream of income in all market conditions and would target an initial distribution rate of 2.5 per cent a year with distributions paid quarterly.

Standard Life Investments has been appointed an investment manager and Challenger would have exclusive distribution rights to Australian retail channels.

Challenger’s chief executive distribution, product and marketing, Richard Howes, said: “This new fund plays an important role and is a great addition to Challenger’s range of retirement income products”.

“Retirees are looking for low risk products that can provide them with a steady stream of income that’s not linked to the market cycle, with some capital growth.”

According to Standard Life Investments’ head of Australasia, Simone Bouch, the fund has already been well received by institutional investors in Australia.

“With over A$2 billion in assets under management globally and a strong performance track record behind it, we are confident that the strategy will attract a growing Australian retail investor base,” she said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

3 days 22 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 1 day ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 3 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

2 days 20 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

1 day 23 hours ago