Alexander Fixed Income Fund
Alexander Funds Management has launched the Alexander Fixed Income Fund on the Australian Stock Exchange's mFund platform.
The fund invests in a diverisified portfolio of (primarily) investment grade, Australasian fixed income credit assets such as corporate bonds, corporate debt, bank bills, commercial paper, hybrids, mortgage-backed securities and asset backed securities. Investment grade allocations are at least 75 per cent of the fund at any one time.
The fund aims to provide clients with a consistent income stream and stable unit price and is benchmarked against the Ausbond Bank Bill Index plus 1 per cent.
The minimum suggested investment time frame for the fund is three to five years.