Bentham Asset Backed Securities (ABS) Fund
Bentham Asset Management has added its Bentham Asset Backed Securities (ABS) Fund to the Australian Securities Exchange's mFund platform.
The fund, with code BAM06, provides investors with access to a global floating-rate income strategy.
“We saw a need in the Australian market for a conservative monthly income fund which can provide real yield above cash or term deposits while focusing on highly-rated global investments, typically single-A, double-A and triple-A," Bentham Asset Management CIO and Principal, Richard Quin, said.
"Many of our clients were disappointed with the yield on traditional domestic investment grade fixed income funds and were concerned about the amount of interest rate risk and corporate bond exposure," he added.