Objective
This Fund is designed as a short term, higher liquidity and lower volatility investment option. It aims to utilise Harbour’s research to generate returns over and above the New Zealand cash rate.
Investment Approach
The fund holds liquid money market securities, NZ Government stock, corporate bonds and term deposits. It aims to generate returns in two ways: using our research-driven process to capture the higher yield that longer term securities can offer, then actively managing liquidity and interest rate exposure so your funds are available when you need them.
Quick Facts
Type |
|
Fixed interest |
Investment horizon |
|
Short or medium term |
Fees |
|
0.25%pa -see Product Disclosure Statement for more details |
Risk/return |
|
Lower |
Growth of $10,000 invested in Fund since inception
(Cumulative returns after fees, before tax).
Harbour Enhanced Cash Fund Performance
| Fund name | Date | Unit Price NZD |
|---|---|---|
| Harbour Enhanced Cash Fund | 2021-01-26 | 1.2933 |
| Harbour Enhanced Cash Fund | 2020-12-31 | 1.2926 |
These unit prices are after fees before tax. |
||
| Fund name | 1mnth | 3mnth | 1 year | 2 year pa | 3 year pa | 5 year pa | |
|---|---|---|---|---|---|---|---|
|
Harbour Enhanced Cash Fund Dec 31, 2020 |
Gross return inc. imputation credits | 0.09% | 0.28% | 2.13% | 2.31% | 2.44% | 2.71% |
| Benchmark return | 0.02% | 0.07% | 0.65% | 1.16% | 1.43% | 1.76% | |
|
Harbour Enhanced Cash Fund Dec 31, 2020 |
Return after fees before tax | 0.07% | 0.22% | 1.87% | 2.05% | 2.18% | 2.44% |
Gross returns means including imputation credits and before all fees, tax & expenses. For the Harbour Enhanced Cash Fund, Returns (before fees) prior to 31 July 2019 were for the wholesale Harbour NZ Short Duration Fund. This Fund transitioned to the Harbour Enhanced Cash Fund on 1 August 2019. As a result, Returns from 1 August 2019 onward are a combination of both Funds. Returns (after fees) are for the Harbour Enhanced Cash Fund only, inception date: 1 August 2019. Returns for periods less than a year are for the relevant period and not annualised; those of a longer period are annualised for the period shown. Past performance is not indicative of future results. The benchmark for the Fund is S&P/NZX Bank Bills 90-Day Index |
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Investor Documents
Fund Updates contain important information for investors, covering topics such as performance, fees and holdings. They are published quarterly by all licensed fund managers under the Financial Markets Conduct Act 2013 (FMCA), and follow a standardised format.
Fund Fact Sheets are documents we publish monthly. These do not follow a legally prescribed format.
Investment Team for this Fund
George Henderson is the Portfolio Manager
The Harbour Investment Funds Product Disclosure Statement, Statement of Investment Policy and Objectives, Other Material Information and latest collection of quarterly Fund Updates can be found in the footer of this website. These documents have been prepared in accordance with the Financial Markets Conduct Act 2013 (FMC Act). If you aren't sure about anything, we recommend you seek advice from a qualified financial advisor.
The Harbour Enhanced Cash Fund, prior to 31 July 2019, was formerly the wholesale Harbour NZ Short Duration Fund. This Fund transitioned to the Harbour Enhanced Cash Fund on 1 August 2019.