Meat industry fund looks for lower volatility
The Meat Industry Employees' Superannuation Fund (MIESF) has included the AllianceBernstein Managed Volatility Equities Fund in a bid to reduce volatility in members' portfolio.
The fund invests mostly in Australian equities and is suitable for investors wanting lower volatility, reduced downside risk in falling equity markets, the prospect of long-term capital growth and some income, including franked Australian dividend income.
The fund looks to reduce volatility by spotting and investing in high-quality listed equity securities that have reasonable valuations, cash flows and relatively stable share prices.
"While likely to lag the market during upturns, the fund is expected to benefit from the so-called 'low volatility paradox'," AllianceBernstein said in a statement.
Chief investment officer of MIESF Mary McLaughlin said the super fund also wants to deliver lower-volatility investment performance in order to avoid sequencing risk for members around retirement.
Recommended for you
The structural shift towards active ETFs will reshape the asset management industry, according to McKinsey, and financial advisers will be a key group for managers to focus their distribution.
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
3
DomaCom DFS Mortgage
67.30 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
