Mutual Limited, established in 2009, is an independently owned Australian investment manager specialising in cash, credit, and fixed income. With a strong track record of performance and reliability, the firm actively selects creditworthy securities to provide safe and consistent returns. Mutual Limited focuses on managing funds for conservative investors, prudentially supervised entities, and those operating under regulated investment regimes.

Effective yesterday, Mutual Limited will transition administration for four retail products to Apex’s fund solutions platform: Mutual Cash Fund, Mutual Income Fund, Mutual Credit Fund and Mutual High Yield Fund.

The new partnership will significantly enhance the digital experience for advisers and investors. Apex’s integrated, end-to-end solution will deliver a streamlined portal offering greater visibility, faster transaction processing and improved reporting tools. Mutual Limited’s adviser network will benefit from deeper integration with platforms and systems, helping them to better serve their clients with timely, accessible information.

The move also provides Mutual Limited with access to scalable, future-ready technology to support its continued growth and evolving product suite.

Thomas O’Neill, Business Development Director at Apex Group said: “Apex Group prides itself on its market-leading commitment to using technology to deliver improved results and experiences to investment managers and their investors alike. Being appointed as administrator for Mutual Limited is further evidence of our commitment to the market and ability to support managers with their digital transformation and added product functionality that enables future growth.”

Wayne Buckingham, Managing Director at Mutual Limited said: “Partnering with Apex allows us to further enhance the experience we provide to both investors and advisers. In an environment of ongoing market volatility, investors are increasingly seeking safe and consistent investment options. Mutual Limited’s focus on high-quality, creditworthy securities, coupled with Apex’s modern digital infrastructure ensures we can continue to deliver the reliable outcomes our clients expect, while offering greater accessibility and service efficiency.”

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Wayne Buckingham

Mutual Limited has announced that the Mutual Wholesale Income strategy has been added to FirstChoice’s Investment and Super & Pension platform menus effective 22 May 2023.

The strategy gains exposure to the Mutual Income Fund, which seeks to provide a reliable income stream 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 4 banks.

The Fund is designed to provide retail investors with exposure to Australian Bank bonds to provide better-than-cash returns with limited interest rate volatility.

The Fund’s current yield to maturity is 5.43%^[1] before fees, and its performance has been bolstered by successive interest rate hikes.

Wayne Buckingham, Managing Director of Mutual Limited said “We are excited to be engaged by one of Australia’s leading wealth management groups providing investment, superannuation and retirement products to individuals, corporate and superannuation fund investors. The Mutual Wholesale Income option offers platform users an income-focused, cost-effective and well-rated solution that only invests in Australian banks.”

The Mutual Income Fund celebrated its 10-year anniversary in April 2023 and has returned 2.51% p.a.net of fees since inception, exceeding the Bloomberg AusBond Bank Bill Index return of 1.69% p.a.

Mutual Limited is an Australian-owned cash, credit and fixed income investment manager with $2.7 billion under management. Its four funds are distributed by Copia Investment Partners.

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[1] 5.43% running yield is gross of fees as at 29 May 2023)

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Mutual Limited was established in 2010 with its primary focus on credit and fixed interest (government, bank, corporate, structured and debt origination). The product offerings range from very conservative through to higher yield, catering for diversified investor return profiles. All products aim to deliver capital stability with varying levels of income through investing across a suite of defensive assets.

Sam Baillieu, Chief Executive Officer of Copia said “We’re delighted to partner with a highly credentialed investment manager like Mutual Limited which has built a solid track record and trusted reputation over its 11-plus year history. In the current rising rate environment where investors may be repositioning their portfolios toward greater floating rate exposure and shorter interest rate duration, we believe Mutual Limited has a compelling and relevant suite of solutions to cater for different investor profiles.”

The partnership with Copia reflects the higher growth ambitions of Mutual Limited which over recent years has expanded its product offering and enhanced capability via key executive recruitment.  Mutual Limited remains independently and majority owned by its founding directors and executives.

Wayne Buckingham, Managing Director of Mutual Limited said “We believe this is the right time to expand the distribution of our product offering and we believe Copia is the right partner to help us achieve this objective. Our purpose as a defensive asset manager is to offer investors a safe and predictable outcome, to provide regular income and stability in capital.  We are proud of our track record working with our investors to provide defensive investment solutions that are liquid when required, as was the case through the Covid pandemic.”

The Mutual Cash, Mutual Income and Mutual Credit Funds are all rated ‘Recommended’ by Zenith. The Mutual High Yield Fund is rated 4 stars by SQM with representation across multiple platforms.

Copia now has seven investment partners: OC Funds Management (Australian small companies), Vertium Asset Management (Australian equity income), Chester Asset Management (high conviction Australian mid-cap), ECP Asset Management (high conviction growth Australian equities), Artisan Partners (global small and mid-cap equities), TT International (global equity environmental impact) and Mutual Limited (cash, credit and fixed income).

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