A great opportunity for Australian investors to access globally-diverse sources of income
Australian investors are keen to diversify their holdings – and in need of income-producing investments. Yet many lack exposure to international companies. That may be about to change, thanks in part to the success of global asset manager Neuberger Berman’s big idea and its collaboration with NAB.
When the team at global asset manager Neuberger Berman successfully launched their retail listed investment trust in Australia last year, to the tune of $400 million, they realised their grand ambition of breaking into what was essentially a new market for them.
Their big idea, however, went much further than this. Neuberger Berman recognised the very real need for investment income among Australians – particularly retirees and those approaching retirement.
With life expectancy at an all-time high of 82.5 years, Australians are beginning to understand that they need to guard against longevity risk. That requires taking on an appropriate level of increased financial risk so they can get the necessary returns to make their retirement funds last the distance.