YBR cash fund added to BT Wrap
Advisers using the BT Wrap platform will now have access to the “active cash” fund managed by Yellow Brick Road-affiliated Smarter Money Investments (SMI).
“SMI’s active cash strategy is already available on other leading platforms, including Macquarie Wrap, Onevue, Netwealth, Hub24, ASX mFund, and Powerwrap,” the statement said.
“Its approval for use on BT Wrap will enable a significant number of new advisers to access one of Australia’s best performing short-term fixed-interest solutions in a convenient manner.”
The statement also pointed to recent figures from Morningstar which suggested strong relative returns by the SMI product.