Smarter Money Active Cash outperforms peers in 2014

The boutique fund manager Smarter Money Investments (“SMI”) is delighted to reveal that researcher Morningstar’s 31 December 2014 data show that the Smarter Money Active Cash Fund has convincingly outperformed competing active cash and short-term fixed interest products over every measurable period since its inception in February 2012.

“The latest Morningstar results indicate that Smarter Money Active Cash’s net returns have consistently beaten the “top quartile” (or 75th percentile) and “median” (50th percentile) peer fund over the 1 month, 3 months, 6 months, 12 months, and 2 years to 31 December 2014,” senior portfolio manager, Darren Harvey, said.

Morningstar’s “short-term fixed-interest” universe includes 43 products with approximately 30 unique funds that have attracted billions in retail assets. Some of the biggest funds in this sector are Perennial Enhanced Cash, BT Enhanced Cash, and Perpetual Credit Income.

Whereas Smarter Money returned 4.1 per cent after all fund fees over the year to 31 December 2014, the median short-term fixed-interest fund returned 3.2 per cent. Over the same period Bloomberg’s Bank Bill Index delivered 2.7 per cent while the average term deposit offered 2.9 per cent.

Full release.