Plato targets retirees with new fund
Retirees should look beyond traditional income sources to support their retirements, according to Plato Investment Management managing director, Dom Hamson.
Launching the Plato Global Shares Income Fund (Managed Risk), Hamson said those who look to cash and property to fund their retirement were missing out on higher returns available from equities.
Hamson said the new fund aimed to emulate the success of the Plato Australian Shares Income Fund (Managed Risk), which has delivered investors a net income of 9.1 per cent per annum — 2.5 per cent above the income benchmark — while stabilising portfolio volatility using the Milliman Managed Risk Strategy.
"While retirees are looking for high and generally stable income, we don't believe this means they need to invest in cash and property and miss out on the capital and diversification benefits of equities — both domestic and global," he said.
"Initial feedback from the market to our Global Share Income Fund has been extremely positive and we are very focused on innovating for retirees, a market that is not always a priority for other funds."
AUTHOR
Nicholas O'Donoghue
Recommended for you
Record flows into iShares ETFs helped BlackRock’s assets under management reach US$13.5 trillion in the third quarter, but it reported outflows from the APAC region.
Regal Partners has passed $20 billion in funds under management, helped by $723 million in net inflows during the last three months.
Global investment manager Fidante has formed a strategic partnership with a London-based asset manager to secure exclusive distribution rights across the APAC region.
Blackwattle Investment Partners has hired a management trio from First Sentier Investors – who departed amid the closure of four investment teams last year – to run its first equity income offering.
