Yellow Brick Road Holdings has launched a new "active cash" product — YBR Smarter Money — into the financial planning and Asian markets.
The company described the product as being an independently rated managed fund that invests in Australian deposits and high quality Australian bonds, targeting returns of 1 per cent to 2 per cent above the RBA cash rate after all fees.
It said that since inception, the product had returned investors over 6 per cent annually after fees (depending on the unit class), providing a very competitive savings alternative for investors.
Commenting on the move, YBR chief executive Matt Lawler said the company believed the product had been impressive, considering that most of the inflows had only been sourced from direct investors and Yellow Brick Road branches.
"With a two-year track record and a reputation for consistent performance, Smarter Money is capturing the attention of savvy investors as a credible diversifier in the active cash and fixed interest asset classes," he said.
