Login
ISCOVER
Staff Reporter
Asset-consulting firm Atchison Consultants has lifted Yellow Brick Road’s investment “rating” on the Smarter Money active cash fund from “Investment Grade” to “Recommended”.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Since its launch over a year ago, Smarter Money has returned between 7.5 per cent and 7.8 per cent per annum after all fees (depending on the unit class).
According to the release from Atchison Consultants, the “Recommended” rating for the YBR Smarter Money Fund suggests the fund has consistently outperformed the median manager, and based on Atchison Consultants' assessment and rating criteria, the firm expects the manager to achieve its objective over a full investment cycle.
“We have been delighted with Smarter Money’s very low volatility performance and growth since inception,” Darren Harvey, executive director of YBR Funds Management said.
“This is the third independent recommendation we have received—and Smarter Money is now listed on three investment platforms.
“We believe Smarter Money has an important role to play to help diversify savers’ fixed-income portfolios at a time when the RBA’s cash rate is at a record low, and could fall further.”
Atchison Consultants principal Jake Jodlowski said the YBR Smarter Money Fund is suitable for investors with an investment horizon of at least 12 months who seek an attractive return above the RBA cash rate.
“The investment manager has generated superior investment performance versus the median return of the peer group through actively managing the fund to take advantage of pricing variances and arbitrage opportunities. The fund consists of at-call deposits and term deposits with APRA-regulated ADIs and investment-grade floating rate notes structured to pay a fixed margin over prevailing bank bill rates,” he said.
