Bentham Global Income added to CFS platform

Bentham Asset Management has announced that its Global Income Fund has been added to the Colonial First State Choice platform.

The Bentham Global Income Fund, which has over $2.7 billion in funds under management (FUM), invests in global credit markets across the capital structure with a focus on capital preservation and regular income.

Since inception in September 2003, the Fund has delivered a total return (after fees) of 6.90% pa, outperforming the benchmark (50% Bloomberg AusBond Bank Bill Index, 50% Bloomberg AusBond Composite Index) by 2.19% pa.

“Investment markets have been strong lately, boosted by growing optimism that central banks are near the end of the rate hike cycle and inflation has peaked. Economic data remains resilient in the face of growing pressures, while falling energy prices and signs of moderating wage growth have eased concerns over inflation. We continue to believe the long and variable lag of the fast-paced rake hikes has more the play out,” Bentham Principal and CIO, Richard Quin, said.

He explained that the thinking behind the Fund was to give local investors institutional quality, high-yielding credit opportunities that was then lacking in the market.

“For a minimum entry cost of $10,000, we provide access to offshore credit markets that offer more competitive risk yields and income diversity, an offering now available to financial advisers using the Colonial First State First Choice platform,” he added.

The fund is actively managed, includes senior secured and unsecured debt, subordinated or hybrid securities, loans, structured credit and asset-based securities, and targets investors who want regular income above the cash rate in an asset class that has about half the volatility of equity markets.