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
The major bank’s CEO has backed bonus payments to frontline staff despite evidence linking variable remuneration to poor customer outcom...
Australian investors are increasingly leaning towards borrowing to finance online investments, as found by a report from Investment Trends. ...
Australian payouts were the weakest among developed countries as dividends around the world rose up to reach a new third-quarter record, acc...
