As i had a term deposit mature instead of reinvesting the funds for the low risk/cash allocation of my super i Bought some of these yesterday for the SMSF, went ex dividend today, decent track record and i thought a good way to get a bit higher yield and exposure to a basket of hybrids.
May buy more as other term deposits mature, any opinion or anyone else been buying these ?
The Australian Enhanced Income Fund is a listed managed hybrid fund. The Fund invests in a diversified portfolio of up to 35 ASX listed debt equity hybrid securities.
As at 28 June 2013 the Fund's rolling 3 year return, expressed annually was 6.84% p.a. (net of fees but before the benefit of franking). This compares favourably with the Bank Bill rate of return over the same period of 4.38% per annum.