A new income option for Australian SMSFs and Retirees

Dr Don Hamson

Plato Investment Management

Plato Income Maximiser Limited (ASX:PL8), a new Australian shares Listed Investment Company (LIC) with a high-income focus, has just launched.

 

 

The LIC is managed by Plato Investment Management Limited (Plato) and will invest in an actively managed and diversified portfolio of Australian equities. The LIC has dual objectives:

  1. To generate excess yield over the benchmark and
  2. Outperform the benchmark in total returns net of fees over 3-5 years

 

The Company also seeks to pay monthly dividends once a sufficient profit reserve has been built up.

 

PL8 is the first LIC targeting to pay monthly, fully-franked dividends, which will appeal to investors who require a dependable income stream from their investment portfolio, but want to avoid eating into their capital as they manage longevity risk.

 

The LIC’s investment strategy is the same as the one employed by Plato in the management of the Plato Australian Shares Income Fund (Fund). The Fund has delivered 9.0% p.a. yield along with a total return of 14% p.a. since inception to 31 December 2016*.

 

PL8 gives investors access to this same strategy via the convenience of an exchange-traded product.

 

Click Here for more information on Plato Income Maximiser (ASX:PL8)

 

 

*Income and total return are after fees and costs, grossed up for franking credits. Performance data is to 31 December 2016 and inception date is 9 September 2011. Past performance is not a reliable indicator of future performance.


Dr Don Hamson
Managing Director
Plato Investment Management

Don has over 25 years investment management experience. He founded Plato Investment Management Limited in 2006. Prior to Plato, Don was Head of Active Equities, Asia Pacific and a member of the global Senior Management Group at State Street...

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