Has anyone considered the High Livez fund from First Mac (https://www.firstmac.com.au/investments/high-livez-fund). It invests in mortgage backed securities. Looks like the kinda thing that got the economy into all this trouble in the first place, but reading the information and external reviews suggests that it's more sensibly invested (no sub-prime).
We are considering where to invest some of our money and have thought about some index funds from Vanguard to give us a diverse portfolio. The High Livez fund seems like a good addition to give some investment into property with less investment (and more diversity) than buying another IP. Is anyone else invested in this fund? Or is something like mortgage backed securities something to avoid?