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| Fund Overview | For fund investors, The Income and Growth Fund offers a unique risk/return profile. This form of investing includes a high yield, yet retains equity exposure to successful growth stories. Furthermore, the Fund's superior position in the investee Company's capital structure insulates investors from capital loss. PURE targets a return of 15% per annum through a mixture of Income (8-9%) and capital growth. While most investments involve ASX listed companies, the fund mandate retains modest flexibility to capitalise on attractive pre-IPO opportunities. |
| Manager Comments | PURE is now actively engaged in deal origination as the Australian economy begins to unfreeze. They noted that, while COVID-19 has been a difficult period for most, there are still good businesses out there with meaningful growth opportunities. The investment team is assessing business models that have experienced minimal disruption from the lockdown. The team is pleased with how the portfolio has performed throughout a very difficult 2020 year-to-date and are excited by the quality of opportunities under review. |
| More Information |
