Fixed income specialist Daintree Capital has seen its funds under management rise to $200 million, with the boutique manager reporting “strong growth in demand for higher yielding income” in a persistently low rate environment.
According to Justin Tyler, Daintree director and portfolio manager of interest rates & currency, there has been a hunt for yield across asset classes, particularly from retirees and other conservative investors who have traditionally relied on term deposits for their income.
“With record low interest rates likely to persist, investors are increasingly looking to meet their income needs from a flexible, total return-focused strategy with strict risk limits,” Mr Tyler said.
Daintree’s managing director and portfolio manager of credit Mark Mitchell added that as a global unconstrained fixed income manager, the firm can position itself successfully on either side of rising or falling markets.
“Our primary goal is to deliver reliable income streams and capital stability regardless of market conditions,” Mr Mitchell said.
The Daintree Core Income Trust is available through platforms such as BT Panorama, HUB24, Netwealth, MLC Navigator, MLC Wrap and Praemium.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].