Vertium Equity Income Fund

In partnership with Copia Investment Partners, new Australian equity income boutique Vertium Asset Management (Vertium) has launched the Vertium Equity Income Fund (the Fund), effective 24 July 2017.

The objectives of the Fund are to provide: greater income return than the benchmark yearly, lower absolute risk than the benchmark yearly, and greater total return than the benchmark on a rolling five-year basis.

Commenting on the launch, Vertium founder and chief investment officer, Jason Teh said: "At Vertium, we have one fund, one strategy and aim to do one thing very well. We aim to preserve retirement savings while delivering regular income, at the same time growing capital in a risk-controlled way so investors may have more for longer."

He added: "Unlike investors accumulating wealth, retirees broadly need: regular income - to cover living expenses and to keep pace with inflation, lower investment risk - to preserve capital and reduce the impact of market downturns, and capital growth - to ensure their savings can adequately sustain them over the long term. But, with living costs rising and people living longer, there is a real social and financial risk that retirees employing only an asset allocation strategy may outlive their savings. An equity income strategy has the potential to reduce this risk and become an integral part of a balanced retirement investment portfolio."