Copia’s Cash Management Fund is an actively managed portfolio of term deposits offered by major Australian banks.
The Fund is suitable for investors seeking:
- capital stability
- regular income, and
- same-day access to funds.
| Strategy | The Fund aims to capitalise on the increasing competition and changed market dynamics with the term deposit business for Australia’s major banks by investing in term deposits with a range of maturities to a maximum of 365 days. |
| Investment type | Managed fund |
| Objectives | To provide a return that exceeds the UBS Bank Bill Index. |
| Authorised investments |
Diversified mix (by issuer and duration) of term deposits from: • ANZ • CBA • NAB, and • Westpac. For each of the above major Australian banks, the single-counterparty risk exposure guideline is a maximum of 50% of the Fund portfolio. The Fund may also invest in at-call deposits to provide liquidity. |
| Investment time frame | Short term |
| Risk | Low |