At a time of record low interest rates, fixed income isn't typically seen as an income-generating option - but maybe it should be.
In the 12 months to March 2021 - during one of the worst economic crises the world has seen - the Perpetual Diversified Income Fund returned 8.85% when the index saw just 0.11%.
Perpetual's head of fixed income Vivek Prabhu, who doubles as portfolio manager of the fund, says this is because the fund has several advantages compared to traditional defensive assets, like no fixed rate of return and its ability to act as a hedge against inflation.
As volatility and globally uncertainty wears on, it makes sense to take a more defensive approach.
Read more in the article.