SEARCH
Boutique Australian equities manager Prime Value Asset Management has launched a new 'cash plus' fund targeted at retail and SMSF investors.
The Prime Value Cash Plus Fund invests in a diversified portfolio of income-producing securities and looks to outperform the Reserve Bank of Australia's cash rate.
The strategy is effective for investors who want to 'park' cash while waiting to re-enter the market, said Prime Value head of retail distribution David Glascott.
High-net-worth investors have been attracted by the fund due to its compliance with the significant investor visa scheme, Mr Glascott said.
"High-net-worth investors generally want an investment that they can understand, and which is low risk. Capital preservation is very important when they are investing funds in a new country," he said.
The fund currently has $70 million in funds under management and has outperformed the RBA cash rate since June 2014.
Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now.
A new report from the Australian Competition and Consumer Commission (ACCC) has revealed the extent to which consumers are falling for scams...
Despite the Australian economy’s ongoing rapid recovery, an Australian equity head believes GDP growth will “fade” in 2022. ...
The next financial year could see a “new record year” for dividends as the Australian economy continues its recovery from the COVID-19 p...
Get notifications in real-time for staying up to date with content that matters to you.
Read More
