Daintree Core Income Trust

Daintree Capital, a boutique investment management firm specialising in managing fixed income portfolios, has launched the Daintree Core Income Trust (the Trust).

The aim of the Trust is to provide a steady stream of income and capital stability over the medium term, by investing in a diversified portfolio of credit fixed income securities and cash, and to provide a total return (after fees) that exceeds the RBA Cash Rate measured throughout a market cycle.

In describing the Trust, the firm said: "Daintree applies a pragmatic and risk averse approach to managing a portfolio of global fixed income securities. The Trust targets an absolute return (greater than cash) over time, by investing in a diversified portfolio of predominantly global investment grade credit securities which meets Daintree's investment standards. In managing the portfolio, Daintree applies a range of strategies that include duration and yield curve management, (actively managing the maturity profile of the portfolio), sector rotation and individual security selection."

The responsible entity of the Trust is Perennial Investment Management Limited.