Switzer Higher Yield Fund launched on Chi-X Australia
The Switzer Higher Yield Fund (SHYF) has today launched on the Chi-X Australia stock exchange, responding to significant demand from Australian retail investors for alternative investment options to cash and shares in the current environment of low interest rates and volatile markets.
SHYF is a floating-rate bond fund managed by Coolabah Capital Investments, which aims to provide investors with an attractive cash yield and low capital volatility by investing in a portfolio of high quality and liquid fixed income securities. The fund aims to achieve a total return between 1.5% and 3.0% greater than the RBA cash rate after fees and expenses on a rolling 12-month basis.
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