Figures from the Reserve Bank, released this week, show the average interest rates on both three-month and six-month term deposits have dropped below 2 per cent for the first time in recent months, the lowest level since the figures began in 1982. Against this background, Smarter Money Investments continues to provide a great option for your clients who are frustrated with low bank returns.
SMI funds are made up of an actively managed portfolio of bonds & cash deposits (mostly issued by banks), with a low risk profile and a higher return than term deposits or bank accounts. The latest performance figures show why SMI is so popular.
Smarter Money Active Cash Performance
The Smarter Money Active Cash (SMAC) strategy returned 0.26% in July after fees (0.33% gross) bringing the total 12 month return to 3.44% after all fees.
Smarter Money Higher Income Performance
The Smarter Money Higher Income (SMHI) strategy returned 0.31% in July after fees (0.39% gross) bringing the 12 month return to 4.24% after all fees.
You can watch Co-Chief Investment Officer, Christopher Joye, speak on a range of topics including recent market developments and investing in fixed-income, via a series of short video interviews by clicking on the links below:
For more information please contact:
Business Development Manager
M 0414 549 400
M 0402 895 072
Disclaimer: This information has been prepared by Smarter Money Investments Pty Limited ACN 153 555 867. It is general information only and is not intended to provide you with financial advice. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. The Product Disclosure Statement (PDS) for the Fund should be considered before deciding whether to acquire or hold units in it and can be obtained at ybr.com.au/savings. None of the Responsible Entity, the investment manager, Yellow Brick Road Holdings Limited ACN 119 436 083 nor any of their respective shareholders, directors and associated businesses assume any liability to investors in connection with investment in the fund, or guarantees the performance of any obligations to investors, the performance of the Fund or any particular rate of return. The repayment of capital is not guaranteed. The fund is subject to investment risks, which could include delays in repayment, and loss of income and capital invested. To learn more about these risks, please read the fund's PDS and consult an independent financial adviser.