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
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
