September, 2023
Over the quarter, money market yields continued to rise as central banks increased interest rates to fight inflation that has so far remained stubbornly elevated.
Allocations to term deposits, NCDs and cash notice accounts have added value to the CMT.
A longer weighted average maturity versus the benchmark subtracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/FS_IOOF_Cash_Management_Trust-8.pdfJune, 2023
Over the quarter, money market yields continued to rise as central banks increased interest rates to fight inflation that has so far remained stubbornly elevated.
Allocations to term deposits, NCDs and cash notice accounts have added value to the CMT.
A longer weighted average maturity versus the benchmark subtracted.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/FS_IOOF_Cash_Management_Trust-7.pdfMarch, 2023
Over the quarter, money market yields continued to rise as central banks increased interest rates to fight inflation that has so far remained stubbornly elevated.
Allocations to term deposits, NCDs and cash notice accounts have added value to the CMT.
A longer weighted average maturity versus the benchmark subtracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/FS_IOOF_Cash_Management_Trust-6.pdfDecember, 2022
Over the quarter, money market yields continued to rise as central banks aggressively increased interest rates to fight inflation that has so far remained stubbornly elevated.
Allocations to term deposits, NCDs and cash notice accounts have added value to the CMT.
A longer weighted average maturity versus the benchmark subtracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/FS_IOOF_Cash_Management_Trust-5.pdfSeptember, 2022
Over the quarter, money market yields continued to rise as central banks aggressively increased interest rates to fight inflation that has so far remained stubbornly elevated.
Allocations to term deposits, NCDs and cash notice accounts have added value to the CMT.
A longer weighted average maturity versus the benchmark subtracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/FS_IOOF_Cash_Management_Trust-4.pdfJune, 2022
Over the quarter, money market yields continued to rise as central banks aggressively increased interest rates to deal with higher than expected inflation.
Allocations to term deposits, NCDs and cash notice accounts have added value to the CMT.
A longer weighted average maturity versus the benchmark subtracted value.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/FS_IOOF_Cash_Management_Trust-3.pdfMarch, 2022
Over the quarter, money market yields rose as the market began to digest interest rate increases from Global Central Banks in response to elevated inflation prints. Market pricing is looking for Australian cash rates to hit 2.40% by the end of 2022, which is a far cry from the 0.1% cash rate and the 0.01% bank bill rates seen throughout 2021. Allocations to term deposits, NCDs and cash notice accounts have added value to the CMT. No negative detractors.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/FS_IOOF_Cash_Management_Trust-2.pdfJune, 2021
The trust outperformed its benchmark (Bank Bill Index) in the June quarter.
Money market yields are continuing to remain at supressed levels as the RBA and the Federal Government are doing all they can to stimulate an economy that is still being ravaged by COVID 19 and lockdowns. Despite this, the CMT is earning a running yield in excess of its benchmark.
Allocations to term deposits, NCDs and cash notice accounts have added value to the CMT. No negative detractors
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/FS_IOOF_Cash_Management_Trust-1.pdfSeptember, 2020
The trust continued its outperformance of the Bank Bill Index. Money market yields dropped during the quarter reflecting the expectations for further easing in cash rates by the Reserve Bank. Allocations to Term Deposits, NCDs and cash notice accounts have contributed to the performance over the quarter. There were no significant detractors from performance.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/FS_IOOF_Cash_Management_Trust.pdfticker: PIM0002AU
release_schedule: Quarterly
commentary_block: Array
factsheet_url:
https://documents.feprecisionplus.com/Factsheet/IOOF/HTML/0VTF_en-au_HTML/index.html
Latest Fund Profile
structure: Managed Fund
asset_class:
asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
fund_features:
The objectives of the Trust are to provide investors with a stable investment and regular income by investing in a range of a cash deposits and short-term money market securities. The Trust aims to provide competitive returns for investors with a total investment return (before fees) that exceeds or is at least equal to the UBSA Bank Bill Index. The Trust predominantly invests in high quality short-term money market and bank based securities, to achieve a very stable income stream and attempts to forecast the short-term direction of the interest rate cycle.