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Tyndall releases concentrated share income fund
Tyndall Investment Management has released a new high-conviction intrinsic-value equity fund, which Tyndall says will provide wholesale investors with tax-effective income as well as capital growth.
The Tyndall Australian Share Concentrated Income Fund will invest in 15 to 25 of Australia’s largest listed companies with a focus on tax-effective income, according to Tyndall.
The fund will aim to outperform the index, and achieve a total return of CPI plus 6 per cent per annum.
The fund will provide a way for wholesale investors to gain exposure to Tyndall's investment style in a concentrated portfolio with an added focus on dividend yield, according to Tyndall’s head of institutional business Justin Cowper.
“With a minimum investment of $500,000, we believe that the new fund will have particular appeal to institutions interested in Tyndall’s share income strategy but for whom a mandate is not suitable,” he said.
“The fact that the fund has already been seeded by external clients illustrates the demand for this type of fund.”
Tyndall’s intrinsic value equities team, including portfolio managers Jason Kim and Tim Johnston, has more than 10 years experience managing institutional mandates using the same investment process, Cowper said.
AUTHOR
Mike Taylor
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