Austock Life announces the expansion of its Imputation Bond’s popular Vanguard Indexed range by adding three new investment menu options. Investors now have a comprehensive range of seven menu portfolios that invest into Vanguard underlying funds.
“The menu’s expanded indexed range is in response to increased interest and uptake in the passive manager, lower-cost funds space.”
“It also recognises the high compatibility between using diversified Indexed funds for ‘set-and-forget’ investing matched to long-term insurance bond strategies. This is particularly so for our very popular ChildBuilder Bonds, which are often set with 20 year plus terms to meet objectives like education and home ownership funding.”
“Austock Life has longstanding commitment to Vanguard as our appointed manager for the Bond menu’s indexed category. Just over $90 million is currently invested across this Vanguard range.”
“Until now, the indexed range on the Bond’s menu has comprised a basic suite of single sector options, covering fixed interest, property, Australian shares and international shares,” said Ross Higgins, MD of Austock Life.
The two new Diversified Indexed Options added are:
Vanguard Diversified Conservative Index. Here the underlying Vanguard fund invests into a range of sector funds to gain broad diversification across multiple asset classes biased towards income assets. It targets a 70% allocation to income asset classes and a 30% allocation to growth asset classes.
Vanguard Diversified Growth Index. This Portfolio’s underlying Vanguard fund also invests into a range of sector funds, however its asset class diversification is biased towards growth assets. It targets a 30% allocation to income asset classes and a 70% allocation to growth assets classes.
At Austock Life’s Investment Portfolio level, the new diversified Indexed options will operate on a reduced 0.65% p.a. Management Cost basis, translating to total fee load (inclusive of Vanguard’s underlying fund wholesale fees) of 0.98% p.a. for Conservative Indexed and 1.01% for Growth Indexed.
Also a new Unhedged International Shares Indexed Option has been added. This is the Vanguard International Shares (Unhedged) Index. This new Portfolio is the unhedged currency version of the menu’s existing Vanguard International Shares (Hedged) Index.
Austock Life currently has over $623 million invested across the Imputation Bond’s (including ChildBuilder) menu of 33 options with both passive and active managers,” said Mr Higgins.
Contact
Ross Higgins
Austock Life
Managing Director
p 03 8601 2056
m 0407567774
e life@austocklife.com
w www.austocklife.com