Teiki Benveniste
The Ares Global Credit Income Fund (the “Fund”) has been added to four investment platforms since March, bringing the number of platforms on which the Fund is available to six.
It was already available for investors on AMP North and BT Panorama and over the past two months has been added to HUB24, Praemium, Macquarie Wrap and Netwealth.
The Fund is managed by Ares Australia Management, the strategic joint venture between Ares Management Corporation (Ares), a leading global alternative investment manager, and the Australian-based Fidante Partners, a global investment management and distribution business.
Since its inception on 1 May 2020, the Fund has returned 6.4% p.a.* net of fees. The Fund aims to provide stable monthly income with a focus on downside protection across market cycles by investing in a diversified portfolio of carefully selected corporate and structured credit assets, including U.S. and European corporate bonds, bank loans and alternative credit securities.
Head of Ares Australia Management Teiki Benveniste said, “In the current environment, our flexible approach has allowed the portfolio to be anchored to floating rate instruments, benefiting from higher interest payments, while experiencing lower volatility than traditional fixed income asset classes. We believe we are now in a strong position to capitalise on attractive relative value opportunities in fixed rate credit instruments, as bonds currently trade at significant discounts to their nominal value, without taking on significant additional duration risk.”
Benveniste continued, “Ares is committed to facilitating investors’ access to credit asset classes and strategies that enable greater portfolio diversification with low interest rate duration risk and that have generally been offered only to institutional clients. The Fund’s placement on six platforms is the fruit of this effort and broadens the reach of the Fund to even more investors.”
The Fund received a ‘Recommended’ rating from investment research provider Lonsec earlier this year and was awarded the same rating from Zenith Investment Partners in 2021.