The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."
Thursday, May 31, 2012
Yellow Brick Road's cash product outperforms competition
YBR Smarter Money outperformed all bank deposits, term deposits, and cash management trusts over the quarter based on data published by Canstar, delivering a 6.7% to 7.2% pa return after all fees (depending on the investor type). YBR Smarter Money’s current annualised rate is between 5.7% to 5.9% p.a...
“While the investment environment over the last quarter was challenging, with declining equity prices, a half percentage point reduction in the RBA’s cash rate, and a 25% increase in credit spreads, we were not surprised to see Smarter Money deliver both strong and stable returns,” says YBR Funds Management Director Darren Harvey. “Crucially, Smarter Money’s 6.7% to 7.2% p.a. return after fees was coupled with very low volatility of only about 1% p.a. On a risk-adjusted basis, Smarter Money’s returns have been exceptional. In addition to producing consistent returns, the fund has had a near-zero correlation with the Australian share market. It has, therefore, provided its investors with some level of protection from the extreme turbulence witnessed in global equities over the last few months.”