Research house Zenith has issued a ‘Recommended’ rating on the Wheelhouse Australian Enhanced Income Fund after only 12 months of Fund performance.
The strategy is designed to generate outperformance versus the S&P/ASX200 Index on an after-tax basis, in addition to paying an income distribution of close to double the fully-franked yield of the market. Risk is expected to be consistent with the Benchmark, with low tracking error and no style biases such as Growth or Value.
In their report, Zenith notes that “Wheelhouse’s investment approach is differentiated and appealing for nil/low taxpaying investors who are income focused”.
“Given the Fund’s return profile, Zenith is comfortable for it to be held as a core Australian equities exposure for income focused investors”
The report adds,” Overall, Zenith believes the Wheelhouse team has a wealth of experience relating to the options market and risk management, which ensures that the Fund’s risk management processes are strong”.
Please contact us for a copy of the Zenith report on the Wheelhouse Australian Enhanced Income Fund.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned PIM2087AU May 2022) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.