Yellow Brick Road has rebranded its funds management business under the new name 'Smarter Money Investments Pty Ltd' (SMI).
The rebranding also coincides with the launch of a new fixed income fund, Smarter Money Higher Income Fund, which focuses on Australian floating-rate notes. It also coincides with the funds being listed on ASX's mFund.
The specialist fixed-income manager YBR Funds Management Pty Ltd is pleased to announce that it has completed a rebranding of its business to “Smarter Money Investments Pty Ltd” (“SMI”) in recognition of strong wholesale demand for SMI’s products.
“This is a natural evolution for us given that over 60 per cent of the money flowing into our funds has been wholesale”, Darren Harvey, an SMI director and portfolio manager, said.
New data released during the week allows us to objectively lift the lid on the true level of risk in Australia’s banking system. Remarkably the evidence suggests the biggest banks have actually reduced tier-one “equity” capital and increased leverage over the past decade, which contradicts the consensus that our banks are more conservatively capitalised since the global financial crisis.