The Indigenous Prosperity Fund – Income Fund (the Fund) was established to provide eligible Aboriginal and Torres Strait Islander investors the opportunity to invest alongside Indigenous Business Australia in a portfolio comprising predominantly of defensive assets such as bonds and debt securities.
The Fund’s objective is to deliver steady returns of 2.50% over CPI per annum over rolling seven year periods. In a normal market, exposure to defensive assets offers significantly lower volatility and lower risk but lower returns. The Fund therefore allocates approximately 20% of its capital to growth assets such as Australian and global shares in order to enhance returns while maintaining focus on capital preservation and consistent income generation.
Through this Fund, investors gain access to:
- The expertise of the investment manager and investment consultant;
- Underlying diversified portfolios;
- Half-yearly distributions;
- The ability to make additional investments or submit redemptions monthly; and
- Competitive management fees.
The investment manager of the Funds is IBA Asset Management (the Manager), a wholly owned subsidiary of Indigenous Business Australia. In conjunction with the Indigenous Prosperity Fund – Growth Fund, this Fund allows investors the opportunity to tailor their investments according to their desired risk and return appetites. The Manager sets the overall strategic direction and investment strategies of each of the Funds, guided by its principles of diversification, research and active management, to achieve a practical and long-term investment solution.
In addition to seeking financial returns, the Manager actively encourages external stakeholders to create mutual respect and understanding, employment, training and supply chain outcomes for Aboriginals and Torres Strait Islanders.
One Managed Investment Funds Limited is the trustee of the Fund and members of One Investment Group also act as registrar and administrator for the Fund. For additional information, please visit the Fund’s website.
Should you have any queries, please contact us on [email protected] or call us on (02) 8277 0000.