The Coolabah Short Term Income PIE Fund is a zero duration, short-term fixed-interest investment solution that targets returns that outperform the RBNZ cash rate by 1.5% – 3.0% per annum after all fees and before tax, over rolling 12 month periods.
This strategy gains exposure to an actively managed portfolio of Australian cash securities and investment-grade floating-rate notes with a target dollar-weighted average credit rating in the “A” band hedged to NZ dollars. It does not invest in fixed-rate bonds (unless interest rate risk is swapped out) or equities.
The portfolio managers add value through active asset-selection with materially lower volatility and interest rate duration risk than traditional fixed interest funds.
| Investment Manager |
Coolabah Capital Investments (Retail) Pty Limited |
|---|---|
| Investment Objective |
The Fund targets investment returns, after fees and before taxes, of 1.5% to 3.0% per annum above the overnight interbank cash rate as published by the Reserve Bank of New Zealand, over a rolling 12 month period. |
| Investment Strategy | The Fund provides exposure to an actively managed, diversified portfolio that aims to take advantage of investment opportunities within the Australian cash and fixed-income markets. The Fund currently invests in an underlying fund managed by Coolabah. The Fund targets a position of being fully hedged back to New Zealand dollars. |
| Benchmark | Bloomberg AusBond Bank Bill Index hedged to NZD |
