Pinnacle Investment Management SAVE ETF (ASX:SAVE)
The SAVE ETF is issued by Pinnacle and managed by Omega Global Investors and is designed to achieve a 4% annual return by investing in a variety of income-generating securities, such as shares, fixed income and currency exposures. We categorise it as a multi-asset fund.
What does the SAVE invest in?
SAVE has various constraints or maximums which guide what it can invest in and how much to include. Overall, SAVE is exposed to multiple asset classes, including shares (local and global), fixed income (bonds and government securities) and cash. Typically, SAVE holds between 80 and 300 shares (40% – 80% of the portfolio), at least 10 investment-grade bonds and less than 10% cash.
What do investors use SAVE for?
As an active ETF, SAVE is marketed as a fund for countering the negative effects of low interest rates and takes less risk than the stock market overall (as measured by Beta). It aims to ‘smooth’ the returns of investors in this way. Please note, we categorise this active ETF as a multi-asset fund given its active approach to allocations, and its fees and costs.
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