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."
Friday, September 14, 2012
YBR Smarter Money awarded "A" rating after delivering 6.6% to 7.0% pa
I am also a director of Yellow Brick Road's funds management business, which launched a savings trust, YBR Smarter Money, six months ago. This fund invests in Australian bank deposits, term deposits, and investment grade, (primarily) bank-issued bonds. It is, therefore, another conduit through which the broader banking system can tap into resident (as opposed to foreign) savings. At the same time, it gives retail investors an opportunity to access a diversified portfolio of wholesale bonds that are not normally available to them.
Smarter Money's performance over its first half year, in which it returned investors between 6.6% and 7.0% per annum after all fund fees, with low volatility, has been very pleasing (refer to the chart below).
Smarter Money was also recently awarded an "A" rating by a credit and funds management rating agency. The ratings analyst, Chris Dalton, who for many years was managing director of Standard and Poor's in Australia and New Zealand, observed, "Smarter Money represents a new breed of fixed income fund delivering a return to investors generated from 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 by only investing in investment grade securities.”
You can read more about YBR Smarter Money here or you can email Rob Morton, YBR's head of investment products, at firstname.lastname@example.org to speak to someone directly about it.