Cash Funds August 2015

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Cash funds performance
The best performing cash fund for August is IOOF’s Cash Management Trust with a return of 0.19%, just over 2bps more than the nearest competitor, UBS. The average across the surveyed funds in this sector was 0.14%. IOOF’s trust mostly invests in short-term money market and bank–based securities and its managers attempt to forecast the short-term direction of the interest rate cycle.

CASH FUNDS

AUSTRALIAN CASH FUNDS1m (%)3m (%)1y (%)3y (%)5y (%)
Adelaide Cash Management Trust0.130.381.812.122.84
BT Premium Cash0.160.492.23
CFS Cash Management Trust0.110.321.561.902.63
CFS Premier Cash Management Trust0.150.432.012.353.10
EQT Cash Management0.120.361.771.852.55
IOOF Cash Management Trust0.190.592.662.973.70
Perpetual Cash Management0.100.311.511.792.54
Sandhurst Cash Common Fund0.130.401.842.052.78
UBS Cash0.170.502.372.713.45
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Enhanced cash funds performance
The best performing enhanced cash fund for August is the UCA Enhanced Cash Portfolio with a return of 0.30%, which was almost double the average return across the surveyed funds in this sector. The fund is an ethical cash investment fund which invests in a blend of cash and liquid securities, marketable money market and fixed interest securities, registered first mortgages and loans to church bodies.

ENHANCED CASH FUNDS

Enhanced Cash1m (%)3m (%)1y (%)3y (%)5y (%)
AMP Capital Managed Treasury0.180.552.522.953.76
Australian Ethical Cash Trust0.150.382.033.143.86
BT WE BT Enhanced Cash0.160.422.203.063.97
BT Wholesale Enhanced Cash0.210.562.773.644.58
Dimensional Short Term Fixed Interest0.180.542.512.783.67
Fiducian Capital Safe0.160.562.262.973.77
IOOF MultiMix Cash Enhanced Trust0.180.612.653.694.49
Legg Mason Western Asset Cash Plus A0.180.552.523.764.53
MIF0.030.302.69n/an/a
MLC Wholesale Horizon 1 Bond Portfolio0.110.462.463.043.87
Millinium’s Investment Cash0.230.824.034.735.17
Perennial Cash Enhanced Trust0.160.612.653.944.76
Perpetual High Grade Treasury0.160.563.214.625.34
Sandhurst Strategic Income A0.140.502.623.98
Smarter Money Active Cash Fund-0.040.252.854.57
UBS Cash Plus0.170.552.713.264.12
UCA Enhanced Cash Portfolio0.300.903.794.304.95
Vanguard Cash Reserve0.180.522.392.623.38
Vanguard Cash Plus0.190.522.652.763.58
Bloomberg AusBond Bank Bill Index0.180.542.512.783.55
*End of August 2015. Return in AUD after fees.
Underlined funds can be applied for and redeemed via the ASX mFund platform

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