Monday, December 04, 2017

Melbourne, 4 December 2017 –Australia Ratings has assigned a ‘SUPERIOR’ investment rating to Smarter Money Fund (the Fund).

A ‘SUPERIOR’ investment rating indicates the highest level of confidence that the fund can deliver a risk adjusted return in line with the Fund’s investment objective. This is based on an investment rating scale used by Australia Ratings to indicate how well we believe a fund will perform against a range of risks.

Australia Ratings’ analyst Maggie Callinan said “The Fund builds on the investment manager’s expertise in the Australian fixed interest market to deliver a strategy with the objective of generating returns that have low to no correlation with equities, fixed rate bonds and property markets.”

The Smarter Money Fund (formerly the Smarter Money Active Cash Fund) is managed by Smarter Money Investments (SMI) and Coolabah Capital Investments (CCI).

Launched in February 2012, the Smarter Money Fund aims to generate returns that outperform RBA cash rate plus 1% to 2% p.a after fees and usual expenses.

The actively-managed Fund invests in Australian dollar denominated fixed income securities that carry minimal interest rate risk such as cash and floating-rate securities. 

Australia Ratings has also assigned its Product Complexity Indicator (PCI) of ‘BLUE’ indicating the fund as a Relatively Simple financial product, with investment managers seeking to outperform their chosen mainstream market sector. The strategies used to outperform may include use of very liquid derivatives such as index futures contracts and/or thematic/sector overweight positions. While these funds are still expected to move fairly closely in line with mainstream markets, there may be periods where they outperform or underperform the benchmark index.

A full rating report is available from


Maggie Callinan, Director 03 8080 6684.



Australia Ratings is a local, independent rating agency that provides timely and credible ratings information and research to the broader investment community. As an ASIC-licensed rating agency, we provide general advice by issuing credit ratings on debt securities and companies; and fund ratings on Australian managed funds. We are Australia’s only agency that holds a retail Australian Financial Services Licence (AFSL). This enables both retail and wholesale investors to use our credit ratings to help them gauge credit risk and complexity of financial products sold in the Australian market.

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.


About Australia Ratings’ Investment Rating

Our investment rating reflects Australia Ratings’ current opinion of a fund’s or an investment’s ability to achieve its stated investment objectives in the near term. The rating expresses a view on the expected consistency of the fund’s or investment’s performance within its peer or style group and on the fund manager’s ability to produce superior performance amongst its peers in the near term with due regard to the medium-term consensus view of the asset class to which the product is benchmarked.

A five-point scale is used to differentiate our opinion on how well we believe a fund will perform against a range of risks.




About the Product Complexity Indicator

Our proprietary colour-coded product complexity indicator (PCI) highlights the complexity level of an investment by its terms and conditions’ structure and transparency that may affect an investor’s return.




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