First Sentier Cash Fund

First Sentier, the rebranded Colonial First State Global Asset Management which was sold to Mitsubishi UFJ Trust and Banking Corporation, has launched three new funds under its new name including the First Sentier Cash Fund.

The First Sentier Cash Fund invests in money market securities with a low risk of capital loss. The fund is actively managed and aims to provide investors with a regular income while outperforming the returns of Australian money markets over rolling three-year periods.

"With the Reserve Bank's cash rate at an all-time low, investors are looking for cash capabilities and products from experienced asset managers that are true to label and offer a regular income stream and cash characteristics such as low risk of capital loss over any time period," head of short term investments and global credit, Tony Togher, said.

Trust Company (RE Services) Limited, a wholly-owned subsidiary of Perpetual Limited, is the responsible entity for the fund.