Clime Fixed Interest Fund
Clime Asset Management has launched a fixed interest fund - the Clime Fixed Interest Fund - which will invest in a wide range of Australian credit-based and rated and unrated corporate bonds and cash.
Clime says the bulk of the investments are likely to be floating rate notes, supplemented by selected fixed rate assets. It may also invest in hybrids and a range of other credit opportunities.
It will target an income return (after fees and usual expenses) of 1.5% to 2.5% above the Reserve Bank of Australia (RBA) cash rate, over a two to three-year investment term.
It has a minimum investment of $100,000.