Active Exchange Traded Fund ('ETF')

The ActiveX Kapstream Absolute Return Income Fund (Managed Fund) is managed by Kapstream Capital under its flagship strategy, which aims to balance the interests of capital preservation with the generation of consistent and stable income, and is unconstrained in sourcing the most compelling fixed income investment opportunities in Australia and around the world, according to Kapstream Capital’s global macroeconomic views.

An easier way to access your cash

The Fund is listed and offers daily trading on the Cboe exchange, through online trading accounts or through preferred brokers, without break costs that can apply to term deposits. Forming part of the ActiveX ETF range offered by partner Fidante, the ActiveX Kapstream Absolute Return Income Fund (Managed Fund), with Cboe ticker ‘XKAP’, gains its exposure by investing in the Kapstream Absolute Return Income Fund (the Underlying Fund) which was launched in May 2007. Further information on the Underlying Fund can be found here.

The Fund aims to deliver an alternative approach to fixed income. It provides access to global fixed income markets, in order to facilitate a steady income stream with capital stability across economic cycles.

Kapstream adheres to an active and less traditional approach to fixed interest management, one that blends top down macroeconomic outputs with bottom-up security selection. Unlike more mainstream competitors, it is not subject to the same benchmark relative constraints, providing the investment team with greater scope to incorporate best trade ideas and position the portfolio in response to varying market conditions.

A short introductory video featuring senior portfolio manager Dan Siluk can be viewed here, and for further detail about XKAP, please click here.

Before making a decision about whether to make an investment in the Fund, please read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS) (including all incorporated information) to ensure the features of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.

How can I invest?

The global absolute return fixed income specialist.