The Flexible Income fund seeks to provide stable income that exceeds the pace of inflation, with less principal fluctuation than an equity or multi-asset fund.
The fund typically includes a mix of fixed-term instruments across the entire yield curve, along with short-term money market instruments and shares in listed property companies. Investments included in the fund normally comprise a combination of fixed interest instruments along the full spectrum of the yield-curve as well as short-term dated money market instruments and listed property shares. Duration, curvature, credit, derivative and liquidity risks are actively managed to maximise returns. It aims to outperform the ALBI 1–3 Years Total Return Index over a rolling 3-year period.
Investors seeking a fundamentally driven and transparent investment process that concentrates on liquid, listed securities with broad exposure to domestic fixed income instruments and some global bond exposure. These investors should be prepared for a medium-term commitment, as the fund has a moderately conservative risk profile and may experience short-term volatility.
Regulation 28: No
Benchmark: ALBI 1–3 Years Total Return Index over a rolling 3-year period
Risk Profile: Low – Moderate
Launch Date: 11 July 2012
Ideal Investment Timeframe: 3 or more years
