Claire Aitchison of Independent Investment Research provides comprehensive research coverage and commentary for listed managed investments. Here is the latest update.
Switzer Daily
FuturePay Lists on Chi-X
FuturePay (Managed Fund)
(Chi-X: FPAY) commenced trading on 2 June 2021. FPAY seeks to provide investors
predictable, monthly distributions that grow with inflation, with the potential
for capital growth and protection in down markets. The Fund is managed by
Magellan Asset Management and seeks to achieve its objective through an
investment in a portfolio of securities that replicate a blend of the Magellan
Global Plus strategy (50%- 60%) and the Magellan Core Infrastructure strategy
(40%-50%), in combination with a reserving strategy whereby cash will be
directed to a discretionary trust (“Support Trust”) to support distribution
payments if the portfolio performance is insufficient to meet the distribution
By
FuturePay (Managed Fund) Lists on Chi-X
FuturePay (Managed Fund) (Chi-X: FPAY) commenced trading on 2 June 2021. FPAY seeks to provide investors predictable, monthly distributions that grow with inflation, with the potential for capital growth and protection in down markets. The Fund is managed by Magellan Asset Management and seeks to achieve its objective through an investment in a portfolio of securities that replicate a blend of the Magellan Global Plus strategy (50%- 60%) and the Magellan Core Infrastructure strategy (40%-50%), in combination with a reserving strategy whereby cash will be directed to a discretionary trust (“Support Trust”) to support distribution payments if the portfolio performance is insufficient to meet the distribution requirements in any given period.
Switzer Daily
27 May 2021
With big
bank term deposit rates down to a paltry 0.40%, self-funded retirees are
increasingly turning to riskier investment options to generate income. Others
are drawing down on their capital, but this is not a strategy that can be
employed indefinitely. And with the Reserve Bank maintaining that the cash rate
is not going up until 2024 at the earliest, there is little relief in sight.
So here are some
investment options that can generate a 5% income return. They are not riskless,
because any investment promising a return over the “government guaranteed” rate
of a term deposit involves risk. Further, the higher the promised return,