POWERED BY MOMENTUM MEDIA
Challenger launches absolute return fund
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,” he said.
According to Standard Life Investments’ head of Australasia, Simone Bouch, the fund has been already well received by institutional investors in Australia.
“With over $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.
Recommended for you
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising sectors.
T. Rowe Price Group VP said investment strategies must adapt to an ageing population, as Australians outlive their retirement savings.
The international asset manager expects AI will reach a point in the near future where it can autonomously manage investments within certain parameters set by fund managers.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
