Lifetime UK Cash Fund
The Lifetime UK Cash Fund is a fund which holds cash in a GBP foreign currency account with Westpac New Zealand Limited. The fund seeks to track the Sterling Overnight Index Average (SONIA) (NZD).
Underlying Managers & Target Asset Allocations
The table below sets out the target asset allocation and underlying investment managers for the Fund.
For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).
|
Asset Class |
Underlying Fund Managers |
Investment Managers |
Product Name |
Benchmark Asset Allocation |
|
Cash & Cash Equivalents |
Westpac |
- |
GBP foreign currency account |
100% |
Fund Performance
Find below the performance to 30 November 2024. The returns are after tax & fees (at 28%), and before tax & after fees.
|
PIR Tax Rate |
1-Month |
3-Month |
6-Month |
12-Month |
3-Years* |
5-Years* |
|
After tax & fees |
-0.23% | 2.17% | 3.76% | 5.86% | 3.27% | 0.84% |
|
Before tax & after fees |
-0.32% | 3.01% | 5.24% | 8.18% | 4.48% | 1.08% |
* Returns over 1-year are annualised
The ‘AMP UK Cash Fund’ was renamed the ‘Lifetime UK Cash Fund’ when Lifetime Asset Management acquired the Scheme on 1 March 2023. Performance therefore reflects the ‘AMP UK Cash Fund’ prior to 1 March 2023.