Perpetual are introducing a new fund into their Range of Funds Service portfolio – the Perpetual CashPlus Fund.  This is essentially an ‘income fund’ designed to deliver a higher rate of return as part of a diversified investment portfolio through exposure to a combination of term deposits (registered banks and non bank deposit takers), cash, high quality bonds and even our own mortgage fund. 

The CashPlus Fund aims to balance higher returns with risk actively managed through diversification and allocation of investments in bank, and investment grade non bank, term deposits and cash as well as high quality bonds.  The Fund also invests into the Perpetual Mortgage Fund which has delivered only positive returns for each of its 19 years.

The Fund offers the added bonus of no transaction fees, income paid quarterly with options of payout or reinvest and low minimum investment of $1000.  It also offers ready liquidity.

The Fund is designed for longer term portfolio investment strategies; short term investment returns (<12 months) can still be supported by the AMP Cash Advantage Fund which remains one of Perpetual’s approved list of funds.

The Fund is already at approximately $4.6m in funds under management, as at 21 April 2011.

This is currently exclusive to Perpetual portfolio clients through a Perpetual adviser.  Non Perpetual advisers interested in more information about the Fund and offering it to their clients should contact Aaron Hing, Head of Advice, at 09 927 9521.

For more information and a copy of the Fund’s Investment Statement, contact your investment adviser, click here or phone us on 0800 737 738.