That is throwing the spotlight on an emerging product category: multi-asset income funds. While Australia does well in the accumulation phase, there have been increasing concerns raised about suitable products for retirees.
Funds such as the Goldman Sachs Income Plus Fund have been set up to provide regular income and capital growth by investing across cash, fixed interest and equities. BT, Axa and Aberdeen have all developed funds in this space.
Earlier this year, Lonsec upgraded the Goldman Sachs Income Plus Wholesale Fund to 'recommended'.
