Pinnacle aShares Global Dynamic Income Fund

Pinnacle Investment Management has launched an exchange quoted managed income fund - Pinnacle aShares Global Dynamic Income Fund - which will be managed by Omega Global Investors and invests in both global equities and bonds.

"The fund aims to provide investors with a high and stable level of monthly income, coupled with moderate capital growth, targeting an annual income which exceeds the RBA cash rate by 4%," Pinnacle says in the fund's product disclosure statement.

The aShares Global Dynamic Income Fund, which has a ticker of SAVE, has management costs of 0.5 per cent and 'recoverable expenses' of 0.15 per cent.