Absolute Return Income Equity Fund:
- A defensive asset combining returns, income and protection
- Designed to generate strong returns in changing markets
Investment objectives:
- Returns: 6%-8% in trending markets, greater than 8% in changing markets, BBSW 90 + 3% in stable markets
- Income: Minimum cash rate BBSW 90 + 3% (currently 4.2% pa) from dividends and franking credits paid semi annually
- Protection: No quarterly NAV draw-downs exceeding 3%
DOWNSIDE PROTECTION INVESTMENT MANDATES:
- Protection always in place with a 'hard' defined risk parameter (eg. no quarterly losses to exceed 5%)
- Investors limits on tactical allocation changes from capital gains tax consequences
- Protection over Australian XJO, ASX20 stocks, international indexes and stocks
Investment objectives:
- Always have protection in place and maximise returns within a 'hard' defined risk parameter while minimising costs