Veritum Equity fund added to platforms
Copia Investment Partners has announced that the Veritum Equity Income Fund has been added for five major investment platforms including Macquarie Investment Manager/Consolidator, the Macquarie Super Manager/ Consolidator, the AMP MyNorth, MLC 360, and Navigator platforms.
The fund, which offered a defensive Australian equity strategy seeking an income stream of 6% to 8 % and with a focus on capital preservation over a market cycle, was designed for retirees and other defensive investors seeking attractive returns in a low interest rate environment.
“The inclusion of the Veritum Equity income Fund in retirement models and platforms reflects a broader shift as advice groups seek to reduce sharemarket volatility for retiree clients, without abandoning equities altogether,” Copia’s general manager of distribution, John Clothier, said.
The fund delivered an income return of 6% per annum since inception in April 2017, with approximately half of the risk of the share market in terms of standard deviation and maximum drawdown (largest decline in its value) and held approximately 30 stocks and some of its key investments include BHP, Lendlease, James Hardie and ANZ, the firm said.
AUTHOR
Oksana Patron
Recommended for you
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
Perpetual has confirmed it has entered into an exclusivity agreement with a US private equity firm to progress discussions regarding the sale of its wealth management division.
Paradice Investment Management has become the latest fund manager to launch an active ETF version of its managed fund, placing greater emphasis on retail distribution.
