The Plato Global Shares Income Fund (Fund) has distributed 4 per cent net income to investors in its first 6 months* and outperformed the benchmark by +1 per cent* net active performance since inception.
Launched on 30th November 2015, the Fund is believed to be the first global share income fund in Australia that’s designed specifically for retirement income and is well positioned to meet its annual target of 6 per cent net income.
Managed by Plato Investment Management Limited, a retirement income equities specialist, the Fund is one of four high income equity funds managed specifically for the income needs of retirees in pension phase superannuation.
Plato Managing Director, Dr Don Hamson said “We are delighted that we have to date proved our belief that global equities can deliver solid income without compromising returns.
“Australian retirees and their advisers can be nervous about investing outside of domestic stocks, but this shouldn’t be the case. Global equities can provide excellent diversification out of Australia’s bank-heavy dividend market, and we believe the Plato Global Shares Income Fund will show that it is possible for global equities to provide strong income as well.
“With Australian interest rates low and the Australian equity market heavily dependent on a handful of stocks for its dividend income, global equities are a great way to balance out the home risk,” he added.
To capitalise on the global opportunities, Plato has created two Funds – the Plato Global Shares Income Fund – an unhedged global developed equity income fund – and the Plato Global Shares Income Fund ( Managed Risk) which uses the Milliman Managed Risk Strategy™ to aim to stabilise portfolio volatility, capture growth in up markets, and defend against losses during major downturns. These funds complement the existing Plato domestic equity income funds – the Plato Australian Shares Income Fund and the Plato Australian Shares Income Fund (Managed Risk).
