The Harbour Income Fund has been issued a “4 IP” rating by Research IP, with a score of 4.17/5.
The Harbour Income Fund (“the Fund”) is a diversified fund designed for investors who want to generate a steady and sustainable income across all market cycles, without sacrificing capital growth. The Fund is designed to give a favourable level of income. The Fund invests predominantly in New Zealand investment grade fixed interest securities and Australasian equities which pay a sustainable dividend yield. Other tools, such as active management and scope to invest in sub investment grade securities may also be used to enhance returns.
What is the Fund’s competitive advantage?
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Research IP says
“Research IP believes this Fund provides investors with a well managed conservative strategy that provides income with the opportunity for some capital growth, while minimising the occurrence and magnitude of negative returns. The Fund also provides investors with a professionally managed solution that offers exposure to investments that are not easily accessible, which help diversify portfolio returns.“
“The Funds’ basic fee is well below the sector peer average. As this is an actively managed fund, the Manager’s ability to operate the Fund closer to passive fee levels is a strong positive.“
“Research IP believes this Fund has a significant way to go until the Manager encounters any capacity issues. The Fund is well diversified through asset allocation via both internal and external investment managers.“
“Research IP believes Mark Brown is well-supported across the fixed interest and equity teams to manage the fund as it grows. Cash flows in and out of the Fund have been managed appropriately to date.”
Research IP, 2 August 2021
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Disclaimer, Disclosures and Warnings
Research IP strongly recommends this document and report be read in conjunction with the relevant Product Disclosure Statement. Research IP gives no warranty of accuracy or completeness of information in this document. Any information, opinions, views or recommendations are general information only and do not take into consideration any person’s particular financial situation or goals and therefore does not constitute financial advice. This document should not be relied upon as a substitute for financial advice from your financial adviser.
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