Over the past two months, the fund has been added to HUB24, Netwealth, Praemium and Macquarie Wrap. It was previously already available to investors on AMP North and BT Panorama.
Managed by Ares Australia Management, the fund is a strategic joint venture between a leading global alternative investment manager, Ares Management Corporation (Ares), and Fidante Partners, an Australian-based global investment management and distribution business.
The fund has returned 6.4 per cent per annum net of fees since its inception on 1 May 2020, and aims to provide stable monthly incomes, focusing on downside protection across market cycles through investments in diversified portfolios consisting of carefully chosen corporate and structure credit assets (including U.S. and European corporate bonds), bank loans and alternative credit securities.
Teiki Benveniste, head of Ares Australia Management, said that their “flexible approach” in the current environment has allowed the portfolio to be “anchored to floating rate instruments”, which benefits from higher interest payments, while “experiencing lower volatility than traditional fixed-income asset classes.
“We believe we are now in a strong position to capitalise on attractive relative value opportunities in fixed-rate credit instruments, as bonds currently trade at significant discounts to their nominal value, without taking on significant additional duration risk,” Mr Benveniste said.
Mr Benveniste said Ares is committed to simplifying the access investors have to credit asset classes and strategies to “enable greater portfolio diversification” with low interest rate duration risk, which were usually only offered to institutional clients.
“The Fund’s placement on six platforms is the fruit of this effort and broadens the reach of the Fund to even more investors,” Mr Benveniste concluded.
The Ares Global Credit Income Fund was awarded the “Recommended” rating from Zenith Investment Partners in 2021, and received that same rating from investment research provider, Lonsec, earlier this year.
