Objective and strategy
The Ashburton Stable Income Fund is an actively managed cash fund which is designed to deliver returns that are higher than that of a traditional money market unit trust fund. It differs from a money market fund for the reason that the investment manager is able to invest in income generating instruments with a longer maturity than that of a traditional money market fund. The investment objective of the fund is to maximise the current level of income within the restrictions set out in the investment policy, while providing high stability of capital. It aims to achieve performance returns in excess of money market yield and current account yields.
Investors wanting to protect capital but require a higher level of income more than that of current accounts and money market funds. Also suitable for corporate treasuries.
Why the Ashburton Stable Income Fund?
- It is rated annually and currently has a rating of AA-(za)(f) from Global Credit Ratings
- It only utilises instruments which minimise interest rate risk and volatility
- The probability of a long-term capital loss is extremely low
- It is appropriate for both short term parking of capital and long-term conservative investing
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Annualised performance since 2009:
*Hover on chart to see values