FIIG Securities selects Equity Trustees for its new FI fund

FIIG Securities has announced it has selected Equity Trustees to be the trustee of its new fund, the FIIG Australian Bond Fund.

The fund will aim to provide investors with capital stability and income through a portfolio of investment grade Australian fixed interest securities that include government and corporate bonds, mortgage-backed securities, asset-backed securities, cash, and enhanced cash instruments.

The fund’s objective is to produce returns in excess of the Bloomberg AusBond Composite 0+Yr benchmark over three-year rolling periods, the firm said.

Alex Welch, chief executive, of FIIG Securities commented: “We are excited to be working with EQT to launch the FIIG Australian Bond Fund, which will provide investors with access to diversified fixed interest securities with the dual goal of protecting capital while also generating excess returns.

“Our active management process paired with our investment philosophy means that investors will gain exposure to a professionally managed, broad range of fixed income securities.”

Established in 1998, FIIG currently manages $300 million in individually managed accounts across four fixed income strategies and a further $5 billion of funds under advice.

FIIG said its focus on the fixed income asset class allowed for a specialised approach to providing investors such as private clients, financial advisers, not-for-profit and institutions, with a targeted range of products that aim to provide stability and consistent income