Boutique fund manager Prime Value Asset Management has launched a new investment product, known as the Prime Value 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.
The fund currently has $70 million funds under management and has outperformed the RBA cash rate since June 2014, according to the statement.
SUBSCRIBE TO THE IFA DAILY BULLETIN
News
- 26 Sep 2018Royal commission branded as run to ‘political agenda’By Adrian Flores
- 25 Sep 2018ASIC finds serious delays in breach reporting from major banksBy Eliot Hastie
- 26 Sep 2018New ETF to give access to Asian tech giantsBy Eliot Hastie
- 26 Sep 2018Insight fund added to Netwealth platformBy Adrian Flores
- 25 Sep 2018Failed advice firm was ‘a proven success story’: DalyBy Adrian Flores and James Mitchell
- 25 Sep 2018New city added to FPA’s Women in Wealth programBy Adrian Flores
- view all
