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  Smarter Money Active Cash Fund affirmed 'A' by Australia Ratings 
 
 

Smarter Money Active Cash Fund affirmed ‘A’ by Australia Ratings

 Melbourne, 30 September 2014 – Australia Ratings has affirmed its credit rating of ‘A’ to the units issued by the Smarter Money Active Cash Fund (the Fund). A rating of ‘A’ represents a high degree of creditworthiness on the rating scale used by Australia Ratings. The rating primarily reflects the credit quality of the Fund’s investments as well as the experience and skill of the investment manager, Smarter Money Investments.

Australia Ratings analyst Chris Dalton said “over the last twelve months the Smarter Money Active Cash Fund has continued to maintain an actively managed, liquid and high credit quality portfolio of deposits and fixed income securities”.  Dalton also said “investors in the Fund have a low exposure to volatility arising from changes in interest rates and the credit risk of the portfolio is actively managed and only investing in investment grade securities.”

The units provide investors with a periodic distribution of income and a return of principal via a redemption request. Australia Ratings has also affirmed its Product Complexity Indicator of ‘BLUE” to the Fund’s units to indicate that an investment in the units represents a relatively straightforward type of fixed interest investment. 

A full rating report is available here.

Chris Dalton, Managing Director

chris.dalton@australiaratings.com

03 8080 6684


 

 

 

About Australia Ratings

Australia Ratings is Australia’s local credit rating agency with over 55years of experience in assessing and rating credit risk. Australia Ratings was formed in 2010 following regulatory reforms to the operation of credit rating agencies in Australia. Australia Ratings Pty Limited holds Australia Financial Services License No. 346138.

Rating opinions of Australia Ratings are determined by its analytical team in accordance with its rating methodology.  The Board of Australia Ratings, whose members include Jarrod Brown, Chris Dalton and Mike Dontschuk, oversee the application of Australia Ratings rating methodology and the integrity of the rating process.

 

What an Australia Ratings Credit Rating and Product Complexity Indicator (PCI) mean

Rating

 

AAA

Highest creditworthiness

AA

Very high creditworthiness

A

High creditworthiness

BBB

Moderate creditworthiness

BB

Modest creditworthiness

B

Vulnerable creditworthiness

CCC

Highly Vulnerable creditworthiness

CC

Extremely vulnerable creditworthiness

C

Very high probability of default

PCI

 

Red

A very complex investment product

Orange

A more complex investment product

Yellow

A complex investment product

Blue

A relatively simple investment product

Green

A plain vanilla investment product

 

 


 

 



 

 

 

 



 

 

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Regulatory & Legal © Copyright 2011 Australia Ratings Site By CIP This website is published by Australia Ratings Pty Ltd (ABN 90 141 393 375), holder of AFS licence 346138.  The information contained in this website is of a general nature only, and does not take into account your objectives, financial situation and needs. You should consult your own professional advisers before making an investment decision.