Life insurance company Austock Life has added Equity Trustees Limited's Mortgage Income Fund to its Imputation Bond menu.
"It is very important to many of our investors - especially those using the Imputation Bond's estate planning and aged care strategies - to have stability and reliability of the underlying investments," said Ross Higgins, managing director of Austock Life.
"The ability of Equity Trustees' mortgage fund to generate regular income, combined with its excellent track record of risk management and zero capital loss, makes it an attractive addition to the Imputation Bond menu."
"The fact that the fund was established over 40 years ago, and has never been closed to redemptions or experienced a decline in capital value during that time, is also very appealing," Higgins said.
The Imputation Bond's cash, fixed interest and term deposits suite has experienced significant inflows recently, according to the company, making the mandate a timely addition to the offering.
The EQT Mortgage Income Fund provides loans secured by registered first mortgages to selected borrowers.
John Terlikar, portfolio manager - mortgages, at EQT, said the Mortgage Income Fund has continued to perform better than most alternative income investments through global economic volatility.
"Furthermore, at a time when term deposit rates vary due to the banks increase in cost of funds, mortgage funds can make a useful diversification to investment portfolios," Terlikar said.