Applying its fusion of both bottom-up and top-down, value-based quantitative asset pricing analysis and macro research, Smarter Money Investments' (SMI) sub-investment manager Coolabah Capital Investments (CCI) offers active cash and low-duration active credit portfolios that suit investors with different risk and return preferences.
The Smarter Money Active Cash (SMAC) strategy: an independently rated and recommended fund comprising Australian investment-grade cash and floating-rate note securities with an average "A" credit rating that was launched in February 2012. SMAC carries little-to-no interest rate duration risk and has outperformed benchmarks while targeting low volatility returns over the RBA cash plus 1.0% to 2.0% per annum after all fund fees. It is classified as having an active cash or short-term fixed-interest strategy and listed on numerous platforms.
The Smarter Money Higher Income (SMHI) strategy: a low duration active credit fund launched in October 2014 that focuses on Australian cash and floating-rate notes that are expected to outperform the RBA cash rate plus 1.5% to 3.0% per annum after fees while carrying little-to-no interest rate duration risk. SMHI has delivered strong risk-adjusted returns since inception and is available on several platforms.
The Smarter Money Long Short Credit Fund (LSCF): an absolute return fixed-income strategy focused on exploiting long and short mispricings in credit markets. The LSCF targets returns above the RBA cash rate plus 4% to 6% p.a. over rolling 3 year periods after fees (with volatility of less than 5% p.a.) that are uncorrelated with traditional fixed-income, equities and property. The LSCF can profit from price rises and falls through-the-cycle and applies the investment process proven in the SMAC, and SMHI strategies since 2012.
The Product Disclosure Statements (PDS), performance data and other information for these strategies are available for SMAC here, SMHI here and the LSCF here.