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.
A reported 35,000 jobs are to be shed at HSBC in the next three years, as part of a group-wide restructuring, after the company’s profit p...
Global growth is bottoming out but the projected recovery of the world’s developed economies remains uncertain, according to data from the...
OneVue has sold Sargon Capital’s shares in Sequoia Financial Group for $4.36 million, with its next priority being to cast off the trouble...
Subscribe to our newsletter
Get notifications in real-time for staying up to date with content that matters to you.
