InvestSMART Australian Equity Income Fund

InvestSMART Group has started taking initial offers for its listed active exchange traded fund - the InvestSMART Australian Equity Income Fund (INIF), that will list on the Australian Securities Exchange in June.

The ETF will mirror the group’s existing Australian Equity Income portfolio, which invests in undervalued cash-rich businesses, with the expectation that they will produce strong cash flows to support dividends in the future. Importantly, the portfolio is light on the banks.

“While the priority of the fund is delivering income, the portfolio is constructed in such a way as to allow investor to also benefit from capital gains,” InvestSMART head of funds management, Alastair Davidson, said.

“We believe everyone should have the confidence to control their future and it shouldn’t be hard or expensive to do so. The launch of the Active ETF will allow investors to access the strongly performing portfolio in a simple and cost-effective way.”

InvestSMART InvestSMART Australian Equity Income Fund Launched on 14 May 2018 Designed for retail investors. Find out more Industry Moves does not hold an AFS Licence and neither recommends nor endorses this product/service.