InvestSMART

Macquarie - Managed Currency Fund - Managed Fund (Closed)

Fund Objective
To offer a unique and innovative investment combining the best features of cash management trusts and currency trading to achieve higher returns than average CMT returns.
Fund Strategy
Investment predominantly in discounted short term fixed interest securities with the balance traded actively on the currency market. A general decline in the volatility of exchange rates and a low interest rate environment have made the achievement of the fund's objectives difficult. Currency trading is generally limited to the US dollar, Australian dollar, U.K. Sterling, Japanese Yen, German Deutschemark, and Swiss Franc.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0% 1.5% 2.62% 5.44% 6.6% 8.87% -% -%
Growth return 0% 0% 0% 0% 0% 0% -% -%
Income return 0% 1.5% 2.62% 5.44% 6.6% 8.87% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.35% 0.96% 1.88% 3.76% 4.06% 4.11% 2.96% 2.14%
As at 28 Feb 1993. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Alternatives
18.74%
Australian Equities
4.88%
International Equities
2.99%
Cash
55.80%
Property & Infrastructure
1.97%
Fixed Interest
15.62%

General Information

Fund Details
Type Description
Macquarie - Managed Currency Fund
Closed
Macquarie Investment Management Aus Ltd.
Miscellaneous
Not Rated
Investment Fund
30 Nov 1988
$10.1 million (as at 26 Mar 1993)
$1 (as at 30 Jun 1993)
$1 (as at 30 Jun 1993)
Finalised
Offer information
Type Description
MER 2.17% (as at 30 Jun 1992)
Minimum initial investment $5,000.00
Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

Your managed fund switching checklist. Is fear of capital gains tax holding you back?
Your managed fund switching checklist. Is fear of capital gains tax holding you back?
The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.
The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.
Guide to tidying up your Portfolio Manager holdings
Guide to tidying up your Portfolio Manager holdings

FAQs about the Macquarie - Managed Currency Fund

The objective of the Macquarie - Managed Currency Fund managed fund is To offer a unique and innovative investment combining the best features of cash management trusts and currency trading to achieve higher returns than average CMT returns.

The strategy of the Macquarie - Managed Currency Fund managed fund is Investment predominantly in discounted short term fixed interest securities with the balance traded actively on the currency market. A general decline in the volatility of exchange rates and a low interest rate environment have made the achievement of the fund's objectives difficult. Currency trading is generally limited to the US dollar, Australian dollar, U.K. Sterling, Japanese Yen, German Deutschemark, and Swiss Franc.

The APIR code of the Macquarie - Managed Currency Fund managed fund is .

Macquarie - Managed Currency Fund’s total return last month was 0%. This was made up of a growth return of 0% and an income return of 0%. These returns were calculated as at 28 Feb 1993.

Macquarie - Managed Currency Fund’s total return for the last three months was 1.5%. This was made up of a growth return of 0% and an income return of 1.5%%. These returns were calculated as at 28 Feb 1993.

Macquarie - Managed Currency Fund’s one-year total return is 5.44%. This was made up of a growth return of 0% and an income return of 5.44%. These returns were calculated as at 28 Feb 1993.

Macquarie - Managed Currency Fund’s one-year total return is 8.87%. This was made up of a growth return of 0% and an income return of 8.87%. These returns were calculated as at 28 Feb 1993.

The asset allocation of the Macquarie - Managed Currency Fund managed fund is :

Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%

The Responsible Entity for the Macquarie - Managed Currency Fund managed fund is Macquarie Investment Management Aus Ltd..

The Macquarie - Managed Currency Fund managed fund belongs to the Miscellaneous sector/asset class.

As at 26 Mar 1993, the size of the Macquarie - Managed Currency Fund managed fund was $10.1 million.

The Macquarie - Managed Currency Fund managed fund has an inception date of 30 Nov 1988.

The current entry price of the Macquarie - Managed Currency Fund managed fund is $1 per unit and the current exit price is $1 per unit (as at 30 Jun 1993).

The current exit price of the Macquarie - Managed Currency Fund managed fund is $1 per unit and the current entry price is $1 per unit (as at 30 Jun 1993).

The minimum initial investment amount for the Macquarie - Managed Currency Fund managed fund is $5,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.