SMI is an active manager with a proven track-record of delivering superior risk-adjusted returns in the liquid cash plus & short-term fixed interest asset-classes through bottom-up & top-down quantitative pricing capabilities and relentless qualitative due diligence. SMI's sub-manager is Coolabah Capital, which runs > $2.2bn overall
Smarter Money Investments Pty Ltd (SMI) is a leading independent, active fixed-income manager established in 2011 by Christopher Joye, Darren Harvey and their team of portfolio managers and analysts, which sub-manage all of SMI's funds via Coolabah Capital Investments Pty Ltd. In 2016 SMI was a finalist for Money Management/Lonsec’s “emerging fund manager of the year” award. SMI's first active short-term fixed-interest solution, called the Smarter Money Fund (Active Cash strategy) (SMAC), was launched in February 2012 and has consistently outperformed peers and alternatives with a 5 Star Morningstar risk-adjusted return rating for its 3 year and 5 year performance. SMI's second active credit solution, called the Smarter Money Higher Income (SMHI) strategy, was publicly launched on 1 October 2014 and has likewise delivered superior returns. SMI's third strategy, called the Long Short Credit Fund, was launched on 1 September 2017, and is an absolute return, fixed-income hedge targeting returns of 7% to 9% pa with low volatility.
As at March 2018, the Smarter Money Fund (Assisted/Platform Investor) received an overall five-star Morningstar Rating based on its risk-adjusted performance within the Morningstar Peer Group - Australian Short Term Fixed Interest - Investment Trust (see rating definition and disclaimer below).
As at March 2018, the Smarter Money Fund (Assisted/Platform Investor) and the Smarter Money Higher Income Fund (Assisted/Platform Investor) both received a Five FE Crown Rating from Financial Express as recongition of outstanding achievement. A FE Fund Rating of Five is a powerful symbol of quality, representing a fund’s demonstrable ability to add long term value whilst managing risk in a highly effective manner. Only the top 10% of funds score highly enough to be awarded Five FE Crowns, which is a quantitative rating. SMI's funds have other ratings from Australia Ratings, Lonsec and Atchison, as highlighted below.
SMI's comparative advantages are in active cash management, active bond selection, top-down and bottom-up quantitative asset pricing and related research, qualitative due diligence, and minimising credit and interest rate duration risks. SMI believes that there is a significant role for liquid active cash and low duration fixed-interest (credit) to play in both individual and institutional portfolios. This is particularly true in a world where interest rates are near record lows and duration risks have elevated to all-time highs. SMI's portfolio managers have decades of fixed-interest trading and research experience and are augmented by an institutional-sized credit research capability that focuses on identifying and mitigating downside risks. The team's investment philosophy fuses both bottom-up and top-down quantitative valuation methods with intensive qualitative due diligence. As the performance analysis here shows, SMAC and SMHI have consistently outperformed their peers and benchmarks.
Rating Definition: The Morningstar Rating is an assessment of a fund's past performance - based on both return and risk - which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. Morningstar Disclaimer: Copyright 2017 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or 'class service' have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at . You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement (Australian products) or Investment Statement (New Zealand products) before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO").
Lonsec Disclaimer: The Lonsec Rating (assigned April 2017) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Smarter Monday Investments product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website.