While the previous Federal Government's Retirement Income Covenant is having little impact in providing more product offerings for retirees from the finance industry, one Australian fintech company has bucked this trend.
“The Gyrostat offering utilises global best practice risk management that has protection always in place. The protection is not ‘set and forget’ and is adjusted with market moves. The Fund has a track record of returns increasing with volatility. Returns are generated in rising and falling markets, meaning they are non-correlated with the market.” says founder and CEO Craig Racine.
The Class A units have increased 20.96% for the 12 months to 31 October 2022, with the Fund’s Class B leveraged units have increased 26.77% over the same period. (top 2 absolute return funds in Australia for the 12 months to 30 October 2022. Source: FE Analytics)
