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February 4, 2014updated 04 Apr 2017 2:32pm

Antares Capital launched new income fund -report

Antares Capital has reportedly launched a new income fund to offer investors with a low risk, income generating alternative to traditional cash investments.

By Verdict Staff

Antares Capital has reportedly launched a new income fund to offer investors with a low risk, income generating alternative to traditional cash investments.

The Antares Income fund seeks to outperform the UBS Bank Bill Index by investing in a diverse range of cash, domestic and global fixed income securities depending on the economic environment, according to investordaily.com.

The fund will be managed with the Antares Enhanced Cash Trust as its core strategy.

According to the website, the fund has received a ‘recommended’ rating from research house Lonsec.

"The appetite for low risk investments is still there, so investors are looking for alternatives that aim to give them added returns on top of the cash rate," Antares Capital Investment manager Ken Hyman was quoted by website as saying.

"Fixed income products aren’t always easily understood by retail investors and maybe this has made them a less popular choice than equities," Hyman added.

The fund is available directly through Antares or the MLC Wrap and Navigator products and is expected to be added to the other major platforms in early 2014.

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