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New global shares income fund great news for retirees

Announcement posted by Plato Investment Management 30 Nov 2015

High income, global investment for pension phase investors and SMSFs targeting the same yield as Australian equities
30 November 2015: Plato Investment Management Limited (‘Plato’) has launched the first global share income fund designed specifically for retirement income. This fund will provide greater investment opportunities and enhanced diversification, while delivering high income for retirees.
 
The Plato Global Shares Income Fund targets a net income of 6 per cent per annum, which is approximately 4 per cent higher than the global equity index, with the added benefit of diversifying out of the bank-heavy Australian equity market.
 
In addition to income and capital growth, the fund also provides greater access to different markets with diverse industries and economic cycles, and the benefits of monthly dividends compared to the primarily bi-annual dividends paid in Australia.
 
Plato Managing Director, Dr Don Hamson explained that while the majority of Australian pension phase SMSFs have small global shares allocations due to their typically low yield, the Plato Global Shares Income Fund has been modelled on the award-winning Plato Australian Shares Income Fund^ to deliver a higher income with the diversification benefits of accessing new markets and industry sectors.
 
“Retirees need two things: income and a well-diversified portfolio. As one of the first Australian retirement income specialists, we are always looking to innovate for this market to deliver upon both objectives, and this fund certainly will”, said Dr Hamson.
 
“We have a strong track record of delivering outstanding income for retirees through the Plato Australian Shares Income Fund, which has delivered 8.7 per cent annually* since its inception in 2011, so we are thrilled to apply that very focused strategy to global markets.  
 
“Importantly, we appointed three global equity specialists to help develop this capability, Dr Johnathon Whiteoak from SSgA as a Senior Quantitative Researcher, Wilson Thong from State Street Markets as Quantitative analyst and Daniel Pennell from Real Index as Senior Portfolio Manager for Global Shares,” Dr Hamson added. “We are investing strongly in our global equity capability as we know the market is more than ready for it.”
 
The management fee for foundation investors (‘Class F’) who invest in the fund from now until 30 June 2016 will be 0.49% per annum for perpetuity.
 
 Minimum initial investment for a Class F investor is $50,000 and $30,000 for other investors with a management fee of 0.99% per annum (‘Class A’).
 
To become a Class F investor, please contact 1300 010 311 or email distribution@pinnacleinvestment.com.au
 
-ENDS-

^ Money Management/Lonsec 2013 Award – Winner for Retirement Product Innovation

* As at 30 June 2015
 
Media Enquiries:
Louise Nealon, CallidusPR
T: (02) 9283 4114/ 0403 569 177
E: louise@calliduspr.com
 
About Plato Investment Management
Plato Investment Management is an investment management firm specialising in objective-based global and Australian equity investment solutions for wholesale and retail investors. Majority owned and operated by its investment staff, Plato is supported by its minority equity partner, Pinnacle Investment Management Limited, a leading multi-affiliate investment management firm. For more information please visit www.plato.com.au
 
This communication has been prepared by Plato Investment Management Limited (‘Plato’) ABN 77120730136 Authorised Representative No. 304964 of Pinnacle Investment Management Limited AFSL 322140. Interests in the Plato Global Shares Income Fund Class F (ARSN 608130838 APIR WHT0062AU), Plato Global Shares Income Fund Class A (ARSN 608130838 APIR WHT0061AU) and Plato Australian Shares Income Fund (ARSN 152590157 APIR WHT0039AU), collectively the Plato Funds, are issued by Pinnacle Fund Services Limited (ABN 29 082 494 362 AFSL 238371). The Product Disclosure Statements (‘PDS’) for the Plato Funds are available at www.plato.com.au/retail-funds. Any potential investor should consider the relevant PDS in deciding whether to acquire or continue to hold units in a fund. The issuer is not licensed to provide financial product advice.  Please consult your financial adviser before making a decision to invest in a fund.
Disclosure contained in this communication is for general information only and was prepared for multiple distribution. The information in this communication has been prepared without taking account of any person’s objectives, financial situation or needs. Persons considering action on the basis of information in this communication are to contact their financial advisor for individual advice in the light of their particular circumstances. Past performance is not a reliable indicator of future performance.
Any projections and forecasts contained in the information are estimates only.  Such projections are subject to market influences and contingent upon matters outside the control of Plato and therefore may not be realised in the future.  Returns are not guaranteed. To the extent permitted by law, Plato disclaims all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arise directly or indirectly in respect of such information.