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Overview

The Martin Currie Australia Diversified Income strategy is specifically designed for retirees seeking an asset allocation for a growing income stream.

We have put the ‘sufficient income for life’ needs of clients at the heart of the product design for the Martin Currie Australia Diversified Income strategy.

The Martin Currie Australia Diversified Income strategy brings together Martin Currie Australia's deep understanding of the income needs of retirees, and a 40+ year pedigree in asset allocation and managing balanced funds. Martin Currie Australia  have been on the forefront of designing retirement income products, having established the Equity Income and Real Income strategies in 2010, Diversified Income in 2014, and Ethical Income in 2015.

We have found that even today, the industry is still not focused on how to really protect Australian retirees from the risk of impaired living standards. As such, our multi-asset portfolio looks very different to both traditional balanced funds and other income-focused approaches.

Combining a strong mix of fundamental research skills, quantitative analysis experience and market expertise, the innovative strategy seeks to optimally allocate assets across a range of Australian equities, listed real assets (REITs, utilities, infrastructure), fixed income and cash strategies.

Each asset class and strategy is underpinned by a specific investment rationale, which, when combined, seeks to provide the key attributes of what we like to call a ‘sufficient income for life’.

We believe that there are few peer strategies available in the market that address income in the way that the Martin Currie Australia Diversified Income strategy can.

Key Information

To provide an after-tax total return of CPI +4% and to provide income stream growth above inflation. The strategy also aims to provide a total return and annual income greater than that of the Composite Benchmark.

Portfolio characteristics Australia Diversified Income
Objective Income
Asset Class Multi-asset
Style Income / Quality
Investable Universe Australian listed equities, listed real assets, fixed income and cash
Benchmark Composite Benchmark*
Inception  30 May 2014

*Benchmark Outline:

  • 30%: S&P/ASX 200 Accumulation Index
  • 30%: 50% S&P/ASX A-REIT
  • 30% Index / 50% S&P/ASX Infrastructure Index
  • 30%: Bloomberg AusBond Composite Bond Index
  • 10%: Bloomberg AusBond Bank Bill Index

  • We believe that a retirement income strategy and asset mix should be very different to a typical balanced fund strategy for people in the accumulation phase of their investments.

Why Invest in Australia Diversified Income

Not all equities are created equal for income.

We have put the ‘sufficient income for life’ needs of clients at the heart of the product design for the Martin Currie Australia Diversified Income strategy

Heritage

Focus on a growing income stream

Each strategy within the asset allocation is underpinned by specific investment rationale – liquidity, low risk, high yield and a steadily growing income stream above Australian inflation

Heritage

More appropriate risk profile for income investors

Protecting Australian retirees from the risk of impaired living standards is a much more important than benchmark relative alpha and tracking-error risk measures


Investment Team

The Diversified Income strategy is co-managed by Reece Birtles and Will Baylis.

The strategy benefits from the close collaboration and deep industry expertise of wider Martin Currie Australia investment team and the broader Martin Currie global investment floor.

Reece Birtles

Reece Birtles

Job title
Chief Investment Officer, Australia
Experience
31 years
Will Baylis

Will Baylis

Job title

Portfolio Manager
Experience
38 years

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