Netcash
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/101092-2023-01-18-02:41.pdf |
FUND MANAGER | Netwealth Investments Ltd |
ASX Code | |
APIR | NET0034AU |
ASSET CLASS | FIXED INTEREST |
INVESTMENT STYLE | The Fund currently invests all of its funds in an at-call deposit with ANZ. |
INVESTMENT PROFILE | The Fund seeks to provide members with a rate of return after fees and costs above the Benchmark. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 10-10-2019 |
BENCHMARK | Reserve Bank of Australia Cash Rate |
FUND SIZE | Reserve Bank of Australia Cash Rate |
DISTRIBUTION FREQUENCY | Monthly |
NO. OF HOLDINGS | |
FEES | Up to 0.55% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in NetcashSuperior rate of return By pooling the investments of a number of investors, made through their platform accounts, we are often able to negotiate better rates of return with financial institutions than individual investors are able to obtain. The buying power of Netcash therefore means that Netcash can provide members with a superior rate of return. Regular income Netcash pays income monthly into your platform cash account, usually within five business days of the end of each month. Capital stability Netcash currently invests only in bank deposits with ANZ. If we vary the investment strategy in the future, Netcash will still be restricted to investing in high quality short-term money market and bank-issued or bank-backed securities, bank deposits, government securities or corporate securities with a minimum investment grade credit rating. While these investment strategies are considered low risk, there is no guarantee that the value of your investment will not fall. Liquidity The underlying investments of Netcash are liquid which means investments can normally be withdrawn and paid into your platform cash account within three business days. Ease of operation You can move money in and out of Netcash from your platform cash account through your online platform account, or you can provide us with an Investment instruction' form for your platform account. Risk levelLow Investor suitabilityConservative investors seeking a competitive income return and a high assurance of capital stability. |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
What does Netcash invest in?Currently we have contracted with Australia and New Zealand Banking Group Limited, (ANZ') that Netcash will only invest in an at-call deposit with ANZ. However, on expiry of that contract we have discretion to revise the investment strategy and invest in a range of high quality short-term money market and bank-issued or bank- backed securities, bank deposits, government securities or corporate securities with a minimum investment grade credit rating. We will not invest Netcash in anything other than deposits with ANZ without giving members at least 30 days' notice. The notice will include details of the revised investment strategy. Members will therefore have the opportunity to withdraw their investment before a change of investment strategy is implemented. What is the investment return?The investment return will be in the form of income distributed to members and any movement in the unit price. Income will be earned at a rate calculated by us based on the income earned on deposits or other assets in which Netcash invests, less the management costs and any expenses of operating Netcash. |
Mandate
How we invest your moneyCurrently the investment strategy is for Netcash to invest all of its funds in an at-call deposit with ANZ. We will not alter this investment strategy without first giving members at least 30 days' notice of the change of investment strategy. If in the future we consider it is appropriate to change this strategy, we may invest in a range of high quality short-term money market and bank issued or bank-backed securities, bank deposits, government securities or corporate securities with a minimum investment grade credit rating. Strategic asset allocationCurrently Netcash is 100% invested in an at-call deposit with ANZ. If in the future we alter the investment strategy, it is likely that the strategic asset allocation will be 100% cash and short term securities. |