Rivkin Securites’ Wholesale Funds are available to wholesale investors only. Therefore, Rivkin will not issue a financial services guide, product disclosure statement, or any other retail documentation in relation to this service.
In a world where income and flexibility are equally prized, high-net-worth investors are seeking solutions that provide a reliable yield without sacrificing access to capital. Listed income investments are increasingly fulfilling this role, offering not only strong cash flow but also daily liquidity and greater transparency.
At Rivkin, we’ve been investing in listed income securities since the early 2000s. These investments have long formed a key part of our Tactical Income strategy, delivering steady returns through varying market cycles. In recent years, we’ve also achieved outstanding results for clients in unlisted private credit, a market that continues to offer excellent yield and diversification benefits.
However, today we are seeing a resurgence in the quality and breadth of opportunities in the listed income space. The number and calibre of ASX-listed securities, particularly hybrids and Listed Investment Trusts (LITs), have expanded meaningfully. This presents a compelling case for revisiting the listed market as a primary income source, especially when investors are looking to strike a balance between yield and liquidity.
A Strategic Income Solution
Rivkin’s Tactical Income strategy draws on both listed and unlisted income sources. While private credit brings the benefits of enhanced return and low correlation to equities, listed income adds the advantages of daily liquidity, transparency, and dynamic pricing.
One of the most attractive features of listed income is its ability to deliver yields significantly above those of traditional blue-chip dividends, which are often the default for income-focused investors. With current net yields in excess of 8% and some portfolios targeting up to 9.5%, listed income offers a compelling solution, particularly when structured intelligently within a diversified strategy.
Moreover, many listed income securities are structured as floating-rate instruments, making them well suited to a higher-rate environment. As interest rates rise, so too can the income received, helping to preserve purchasing power and provide a natural hedge against inflation. Importantly, these securities tend to exhibit less capital volatility than traditional fixed-rate bonds or equities.
The Rise of LITs
The income landscape is evolving. With APRA’s recent decision to begin winding down the bank hybrid market, investors will see a gradual reduction in the issuance of these once-core income instruments.
In this environment, Listed Investment Trusts (LITs) will play an increasingly important role in income portfolios. Offering access to professionally managed, often monthly-paying strategies across private credit, infrastructure, real estate debt and asset-backed securities, LITs provide attractive yield potential without the heightened volatility associated with listed equities.
For investors seeking income with stability, LITs are set to become a cornerstone, providing liquidity, diversification, and a consistent return profile in the absence of new hybrid supply.
Access, Liquidity, and Transparency
What continues to set listed income apart is accessibility. Unlike fixed-term or unlisted investments that tie up capital, listed securities trade daily on the ASX. This means investors can adapt to changing circumstances quickly, accessing capital without locking it away for years.
Investments such as hybrids and LITs are well-established structures with transparent pricing, regulatory oversight, and public reporting. This makes them both easy to monitor and well-aligned with the needs of today’s more engaged and risk-aware investors.
Complementary to Private Credit
While private credit continues to deliver strong performance and lower correlation to market risk, its illiquid nature means it may not be suitable for every investor or every situation. Listed income, in contrast, provides an effective counterbalance, delivering strong yields in a fully liquid format.
By combining both listed and unlisted assets within a portfolio, investors can achieve a well-rounded income strategy, one that blends capital stability, access to cash, and long-term return generation.
Tailored for Control and Confidence
Our Tactical Income strategy is designed for clients who want their capital to work harder, with greater transparency and less volatility than equities. Whether your goal is to enhance monthly income, reduce exposure to market risk, or simply increase flexibility, listed income can be tailored to meet your needs.
For clients seeking maximum liquidity, we also offer portfolios focused exclusively on ASX-listed income investments, without compromising on income potential.
Explore Rivkin Tactical Income
Rivkin’s Tactical Income portfolio is designed for wholesale investors seeking strong, consistent income through a blend of listed hybrids, LITs, and private credit. With a current net yield of 9.5%, the strategy has demonstrated steady performance across varying market conditions, with a focus on capital preservation and transparent income generation.
Download the free factsheet now to explore how Tactical Income can support your portfolio with diversified, floating-rate income and a focus on capital preservation.
Complete the form below to receive a call with our Portfolio Manager and discover how Rivkin’s Tactical Income Portfolio is positioned to take advantage of upcoming opportunities in the private credit and hybrid markets. This is an exclusive chance for wholesale investors to explore a strategy targeting attractive, consistent income with capital stability.
Access to Wholesale Investor Content
- Asset Test: You have net assets of at least $2.5 million
- Income Test: Gross income of at least $250,000 per annum over the past two financial years
- Professional Investor: You hold an Australian Financial Services Licence (AFSL) or control assets of at least $10 million.
I meet the criteria outlined above and understand that the information provided is intended for wholesale investors only.
I do not meet the criteria and understand that I cannot proceed further.
