Wheelhouse Global Equity Income Fund - Retail

Wheelhouse Investment Partners has launched the Wheelhouse Global Equity Income Fund (the Fund) to the retail market. The Fund, which aims to deliver improved investment outcomes to Australian retirees, has been available to sophisticated and institutional investors since May 2017.

According to Wheelhouse, the Fund’s investment philosophy is based upon three pillars: investing in global equities as a growth asset to address longevity risk; shaping returns to be retiree-friendly with lower volatility, better capital preservation and consistent income; and delivering a lower-cost solution to help improve outcomes.

Commenting on the dual concerns of market volatility and longevity risk, which the Fund aims to address, portfolio manager Alistair Macleod said: “Large investment losses, particularly in the five to 10 years immediately preceding and after retirement, can be devastating for retirees. This well-documented issue is known as sequencing risk. It’s particularly relevant for retirees and pre-retirees due to the large sums of money involved, the relative lack of time that retirees have to recover from losses, and the necessity for retirees to draw down income during these periods.”

The Fund’s underlying portfolio is based on the Morningstar Developed Markets Ex Australia Wide Moat Index, a semi-active index that was constructed specifically for Wheelhouse Investment Partners.

The launch date below refers to the launch to the retail market

Wheelhouse Partners Wheelhouse Global Equity Income Fund - Retail Launched on 01 October 2017 Designed for retail investors. Find out more Industry Moves does not hold an AFS Licence and neither recommends nor endorses this product/service.