Cash Funds September 2015

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Cash funds performance

The best performing cash fund for September is IOOF’s Cash Management Trust with a return of 0.19%, 3bps more than the nearest competitors, UBS and BT. The average across the surveyed funds in this sector was 0.13%, down 1bps from August’s average. IOOF’s trust mostly invests in short-term money market and bank-based securities with its managers attempting to forecast the short-term direction of the interest rate cycle.

Cash Funds

AUSTRALIAN CASH FUNDS1m (%)3m (%)1y (%)3y (%)5y (%)
Adelaide Cash Management Trust0.120.381.772.072.80
BT Premium Cash0.160.482.222.503.27
CFS Cash Management Trust0.100.311.521.862.59
CFS Premier Cash Management Trust0.130.411.962.082.31
EQT Cash Management0.110.351.741.822.52
IOOF Cash Management Trust0.190.582.622.973.65
Perpetual Cash Management0.100.311.471.752.50
Sandhurst Cash Common Fund0.120.391.812.052.74
UBS Cash0.160.502.342.663.41

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Enhanced cash funds performance

The best performing enhanced cash fund for September is the UCA Enhanced Cash Portfolio, which just managed to pip Millinium’s Investment Cash Portfolio.  UCA’s Portfolio returned 0.27%, which was just over double the 0.12% average return across the surveyed funds in this sector while Millinium returned 0.25%. Both of these funds were the only funds to beat the Bloomberg AusBond Index return of 0.18%. The UCA fund is an ethical cash investment fund (it won’t invest in securities issued by gambling or alcohol businesses) and invests in a blend of cash and liquid securities, marketable money market and fixed interest securities, registered first mortgages and loans to church bodies. It is only open to organisations that carry a tax concession charity endorsement from the ATO.

Enhanced Cash

AUSTRALIAN ENHANCED CASH FUNDS1m (%)3m (%)1y (%)3y (%)5y (%)
AMP Capital Managed Treasury0.180.552.522.893.70
Australian Ethical Cash Trust0.070.351.923.103.74
BT WE BT Enhanced Cash0.020.362.002.893.84
BT Wholesale Enhanced Cash0.060.482.563.474.45
Dimensional Short Term Fixed Interest0.160.542.482.743.67
Fiducian Capital Safe0.140.462.142.893.70
IOOF MultiMix Cash Enhanced Trust0.110.492.493.534.40
Legg Mason Western Asset Cash Plus A0.170.532.353.614.41
MLC Wholesale Horizon 1 Bond Portfolio-0.030.372.362.873.82
Millinium’s Investment Cash0.250.743.854.665.12
Perennial Cash Enhanced Trust0.120.512.523.734.66
Perpetual High Grade Treasury0.060.462.954.455.22
Sandhurst Strategic Income A0.160.532.603.78
Smarter Money Active Cash Fund0.090.392.783.364.19
UBS Cash Plus0.170.542.663.204.08
UCA Enhanced Cash Portfolio0.270.803.614.134.83
Vanguard Cash Reserve0.160.502.342.583.34
Vanguard Cash Plus0.130.532.532.673.57
Bloomberg AusBond Bank Bill Index0.180.542.472.733.51
*End of September 2015. Return in AUD after fees.
Underlined funds can be applied for and redeemed via the ASX mFund platform