An ageing population and growing investor demand for income products have been the primary motivators behind Tyndall’s new share income product – the Tyndall Australian Share Income Fund (TASIF).

TASIF seeks to provide a tax-effective income stream for investors, with the additional attraction of capital growth.

Brett Himbury, Managing Director, Suncorp/Tyndall Investment Management, says the new Fund is part of the business’s stated strategy to selectively expand the range of products offered by the Tyndall Australian equity team using its highly-regarded intrinsic value approach.

Tyndall believes the TASIF provides immediate relevance as well as long-term benefits to investors, particularly retirees, in the current volatile investment environment.

“Recent retirees, who need income now, realise that they also need capital growth to maintain the spending power of their capital in future years – another benefit offered by TASIF,” Brett said.

“The release of the TASIF is extremely timely as it seeks to provide good yields, enhanced by franking credits, as well as the potential for long-term growth.”

TASIF seeks to provide investors a tax-effective income stream of 2 percent per annum more than the dividend yield of the S&P/ASX200 Accumulation Index (grossed up for franking credits) over rolling five-year periods. It also aims to provide long-term capital growth by investing in under-valued companies.

TASIF will be co-managed by Tyndall’s deputy head of Australian equities, Mr Warwick Cumming, one of two income-focussed portfolio managers. Mr Cumming said that the stock selection criteria for TASIF will be based on seeking intrinsic value through a proprietary research approach.

“Regardless of the direction of the market, there are always some stocks that represent better value than others.

“We seek to take advantage of opportunities in the market, such as those created by investor behaviour, that result in some stocks being underpriced vis-a-vis their true value.

“Research is the cornerstone of recognising these opportunities, and we use our own proprietary research process, Comparative Value Analysis, to identify stocks representing good value and, in the case of the TASIF, deliver consistent tax-effective income,” Mr Cumming said.

For more information on the new Fund click here.


Disclaimer: This information was prepared and issued by Tyndall Investment Management Limited ABN 99 003 376 252 AFSL 237563. The Tyndall Australian Share Income Fund is issued by Tasman Asset Management Limited ABN 34 002 542 038 AFSL 229664. The information contained in this email is of a general nature only and is not personal advice. It is for the use only of researchers, licensed financial advisers and their authorised representatives. It does not take into account the individual objectives, financial situation or needs of any individual. Investors should consult a financial adviser before acting on the information contained in this document. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Investment decisions should be based on information contained in the current Tyndall Australian Equities PDS available at www.tyndall.com.au and applications to invest will only be accepted if made on an application form attached to that current PDS.