CFS W Strategic Cash is an Managed Funds investment product that is benchmarked against RBA Cash Rate Target Index and sits inside the Cash - Australian Cash Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The CFS W Strategic Cash has Assets Under Management of 853.32 M with a management fee of 0.41%, a performance fee of 0.00% and a buy/sell spread fee of 0%.
Higher official interest rates and bank bill yields heled the Fund to appreciate by 1.09% in the June quarter. This return was 0.19% ahead of the bank bill benchmark.
This rounded off a favourable 12 months of performance in the FY23 year as a whole. Returns were 0.71% ahead of the benchmark over the year, an outperformance that was even better than the long-term average. Active management of the portfolio during a volatile period helped preserve capital and generate pleasing returns for unit holders.
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