Prime Value AM extends product
Boutique fund manager, Prime Value Asset Management, has launched a new product.
The company announced the launch of the Prime Value Cash Plus Fund, which it said had attracted funds from high net worth and foreign investors, would now be open to retail investors including self-managed superannuation funds (SMSFs).
It described the underlying strategy as investing in a diversified portfolio of income-producing securities and seeking to outperform the Reserve Bank of Australia's (RBA) cash rate with minimal risk of capital loss.
Prime Value head of retail distribution, David Glascott said the Cash Plus Fund was suitable to a range of investors.
"The strategy is popular with investors who want a defensive, cash-like strategy with high liquidity, and who wish to park cash while waiting to re-enter other investments," he said.
Glascott said the Fund was compliant with the Significant Investor Visa (SIV) scheme, and had attracted considerable interest from high net worth offshore investors.
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