Bentham Asset Management announces global income PIE fund in NZ

The Fund is open to NZ retail (and wholesale) investors. Bentham works closely with financial intermediaries and the fund will be available on a range of New Zealand based investment platforms.

Bentham is launching the fund with New Zealand-based fund-host, FundRock NZ. FundRock, which is the manager and issuer, has appointed Bentham as the investment manager. The fund is structured as a portfolio investment entity and a New Zealand managed fund vehicle.

Bentham chief information officer Richard Quin says “The fund focuses on generating stable investment income by providing diversified exposure to predominately global credit markets. Investments will be actively managed with allocations across different credit sectors, trading of individual securities and managing risk.

“A global focus provides more investment opportunities and diversity compared with the domestic fixed income market. Global credit markets typically offer higher income than traditional fixed interest and equity markets, and low levels of correlation with equities and government bonds, which may improve the risk return profile of a balanced investment portfolio.”