DNR Capital Australian Equities Income fund has been added to BT Panorama’s superannuation and investment menus.
The fund, which was launched in March last year and had returned 33.06%, sought to invest in a selection of securities with sustainable dividend capability, strong profit-to-cash conversion and relatively assured earnings growth.
The fund has also a concentrated portfolio of up to 30 stocks, with a focus on quality companies that produce above-average income and associated franking credits.
The fund’s portfolio manager, Scott Kelly, said: “With the economic recovery underway and operating conditions improving, earnings are also recovering, and boards have started reinstating more generous payout ratios.
“Energy and financials performed best during the recent reporting season, with financials seeing the largest proportion of upgrades. As a result, average one-year forward dividend expectations rose 1.4%.”
The $75 billion fund has gained exposure to decarbonisation solutions in its first listed equities impact investment.
The superannuation fund is expanding its investment exposure to industrial property through a $1 billion partnership with Barings, a global investment manager.
AustralianSuper has usurped the Future Fund as the biggest Australian asset owner, jumping from 43rd to 36th place globally, according to an annual study by the Thinking Ahead Institute.
IFM Investors, the global institutional asset manager owned by superannuation funds, has signed a memorandum of understanding with the UK government to invest £10 billion by 2027.
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