Mutual Limited, a credit and fixed income fund manager based in Melbourne, has announced the appointment of Alan Au as Investment Analyst. Alan will undertake research and analysis of credit securities and will report to Mutual Limited Chief Investment Officer Scott Rundell.
Alan has experience across private markets, wealth management and asset consulting. His most recent position was investment analyst at Atchison, prior to that he was an analyst within the capital market division at Escala Partners.
Mr Rundell said, “We are pleased to welcome Alan to the Mutual Limited team. His technical expertise and experience will be critical for our active management approach, particularly as we are seeing increased investor demand for defensive allocations in portfolios.”
Alan has a Master of Commerce from Deakin University majoring in Accounting and Finance and a Bachelor of Medical Radiations in RMIT University. Alan is currently a level II CFA Candidate.
The latest appointment builds on the recent announcement that the Mutual Wholesale Income strategy has been added to FirstChoice’s Investment and Super & Pension platform menus.
The strategy gains exposure to the Mutual Income Fund, which seeks to provide a reliable income for investors and a high level of capital preservation by investing in a portfolio of Australian bank senior and subordinated floating rate notes, with a concentration to the Big four banks.
The Mutual Income Fund celebrated its 10-year anniversary in April 2023 and has returned 2.52% p.a.net of fees since inception to May 2023, exceeding the Bloomberg AusBond Bank Bill Index return of 1.71% p.a. The Fund’s current yield to maturity is 5.48%[1] before fees, and its performance has been bolstered by successive interest rate hikes.
Mutual Limited is an Australian-owned cash, credit and fixed income investment manager with $2.6 billion under management. Its four funds are distributed by Copia Investment Partners.
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