The product invests in a portfolio of Australian real estate investment trusts, utilities, infrastructure and like securities and is designed to provide a consistent income stream over the long term that is expected to increase in line with inflation. “Zenith views the product philosophy and resultant fund structure favourably, as it avoids the inherent biases in traditional Australian equity income products that tend to overweight financials and avoids the complexity of derivative-based equity income products,” Zenith investment analyst Steven Tang said.
Macquarie Securities faces $35m penalty for misleading conduct
Macquarie Securities has admitted misleading conduct and systemic reporting failures as ASIC seeks a $35 million penalty in the NSW...
