Prime Value launches new 'Cash Plus Fund'

The new strategy invests in a "diversified portfolio of income-producing securities and seeks to outperform the Reserve Bank of Australia's (RBA's) cash rate with minimal risk of capital loss", the company said in a statement.

Prime Value's head of retail distribution, David Glascott, said the Cash Plus Fund is "suitable to a range of investors".

"The strategy is popular with investors who want a defensive cash-like strategy with high liquidity, and who wish to park cash while waiting to re-enter other investments," he said.

Mr Glascott added that the fund is compliant with the Significant Investor Visa scheme and had attracted "considerable" interest from high-net-worth offshore investors.

"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.