New cash fund added to BT Wrap
Smarter Money Investment has announced its active cash fund has been approved for the BT Wrap Platform.
Smarter Money Investments is a fixed-income manager, established in 2011 as a joint venture with Yellow Brick Road.
The inclusion of the short-term fixed-interest fund on the BT Wrap platform will enable a larger number of advisers to access it, according to the announcement.
The active cash strategy is already available on Macquarie Wrap, OneVue, Netwealth, Hub24, ASX mFunds and Powerwrap.
Smarter Money Investments said the active cash strategy returned 4.1 per cent after all fees in 2014 compared to the average peer performance of 3.2 per cent in the Morningstar short-term fixed-interest universe.