Global credit investment manager, Bentham Asset Management, today announced that the Bentham High Yield Fund is now available on the ASX’s mFund Settlement Service.
The addition means investors can now access each of Bentham’s three Australian managed funds through the mFund service’s participating brokers.
Bentham’s Global Income Fund and Syndicated Loan Fund were made available on the ASX mFund service in 2014.
Bentham Asset Management Managing Director and Lead Portfolio Manager, Richard Quin, said Bentham was committed to improving access to investing in global credit and fixed interest investments for investors at a competitive fee.
“Advisers and investors are starting to recognise the diversification benefits and comparative return of the global credit asset class. Global high yield bonds in particular are extremely popular in many overseas markets, yet overlooked by many Australian investors,” Mr Quin said.
The Bentham High Yield Fund is actively managed and provides a diversified exposure to the US high yield bond market, with more than 100 individual bond holdings. While high yield bonds are traded in many geographical locations, the US has the largest and most mature high yield bond market. The Fund aims to deliver higher income than can generally be achieved in traditional fixed interest markets.
“The breadth of global high yield bond issuers can add geographic, industry and capital diversification benefits for investment portfolios. Over time greater understanding and wider availability of credit products in Australia will contribute to the growing popularity of asset classes – like high yield bonds – which have delivered a middle ground in risk and return between cash and equities,” Mr Quin concluded.
The Bentham High Yield Fund returned 12.42% p.a. (net of fees) for the five years to 31 May 2015 and 9.74% p.a. (net of fees) for the 15 years to 31 May 2015.
The Bentham High Yield Fund is one of the oldest high yield funds denominated in Australian currency, with a track record of over 16 years.
Source: Bentham Asset Management
