This fund suits investors who believe the sharemarket is going sideways but are still happy to be in it. It suits investors who are focused on income, as it pays more than the dividend yield. The main risk is that the fund will underperform in a strongly rising market, such as the one in the year up to the end of February this year. This means that gains are limited. The fees are transparent and reasonable for this sort of buy-write product, with the management fee at 0.59% and expenses capped at 0.2%.


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