Pinnacle-backed Plato Investment Management has launched a managed risk version of the Plato Global Shares Income Fund, aimed at pension-phase investors.
The Plato Global Shares Income Fund (Managed Risk) uses Milliman's managed risk strategy, which seeks to stabilise portfolio volatility, capture growth in up markets and minimise losses in major downturns.
Plato managing director Don Hamson said the new fund is the firm's fourth retirement-focused product in as many years.
“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,” Mr Hamson said.
“Initial feedback from the market to our Global Shares 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.”
Read more:
Outlook for tobacco stocks 'continues to worsen'
Restructure super tax concessions: KPMG
Ignore Asia at your own peril: PM Capital
Challenger has downgraded its forecast for 1H19, now expecting its statutory net profit after tax to plummet by 97 per cent from the year be...
Saxo Bank has warned that Australia’s luck may be running out as China’s economic slowdown adds to a growing list of challenges for the ...
Finance job opportunities have experienced a double digit drop in the wake of the royal commission as employment demand and career opportuni...
