News & Insights

Plato Global Shares Income Fund targets high income

 

NEWS6 June 2016: 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).

*All data is as at 31 May 2016.  Benchmark is the MSCI World (ex Australia, Net Returns Unhedged). Returns are quoted for the Fund’s F Class units and are net of fees. Past performance is not a reliable indicator of future performance and investment returns of less than one year should not be relied upon as any guide to future performance. Actual returns may vary from any target returns described in this document.

Interests in the Plato Global Shares Income Fund (ARSN 608 130 838), Plato Global Shares Income Fund (Managed Risk) (ARSN 610 438 269), Plato Australian Shares Income Fund (Managed Risk) (ARSN 126 577 820) and Plato Australian Shares Income Fund (ARSN 152 590 157) (‘Plato Funds’) are issued by Pinnacle Fund Services Limited, ABN 29 082 494 362 AFSL 238371, the Responsible Entity of the Plato Funds. The Responsible Entity is not licensed to provide financial product advice. A copy of the most recent Product Disclosure Statement (‘PDS’) for the Plato Funds can be located at www.plato.com.au/retail-funds.  You should consider the relevant PDS and consult your financial adviser before making an investment decision.

Plato Investment Management Limited (ABN 77 120 730 136, Corporate Authorised Representative No. 304964) (‘Plato’) is the investment manager of the Fund. Pinnacle Fund Services Limited and Plato believe the information contained in this communication is reliable, however its accuracy, reliability or completeness is not guaranteed. Any opinions or forecasts reflect the judgment and assumptions of Plato and its representatives on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. This communication is for general information only. It has been prepared without taking account of any person’s objectives, financial situation or needs. Any persons relying on this information should obtain professional advice relevant to their particular circumstances, needs and investment objectives.