Cash Management Trust
Recently, we undertook a review of our entire retail unit trust which has led to our decision to close the Cash Management Trust- to new business.
The closure is effective from 1 December 2010 and is in line with AXA's philosophy of only offering commission free offers. From this date AXA will no longer accept applications for investment from new clients.
We are closing the Fund to new business in recognition of a decline in market demand for retail unit trusts. New flows into these products are generally sourced from platform based offers and there have been very few new direct clients into the Fund in the last 2 years.
We believe this decline can also, in part, be attributed to advisers recommending their clients invest in retail platform offers which provide investors a greater selection of funds to choose from. Importantly, these Funds remain open to new and existing investors via Generations and/or via our wholesale unit trust range.
Existing direct investors will not be affected and may continue to transact on their account. This means they can continue to make additional investments, reinvest income (distributions) and can continue to make withdrawals.
Overview
The Cash Management Trust (the Fund) invests in short-term money market type securities which include government guaranteed and bank backed securities, and promissory notes issued by "blue chip" corporations.
This fund aims to
Provide a secure investment which combines attractive short term income returns and ready access to funds.
Who should invest in this fund
This Fund is suited to investors who seek :
- a low risk and capital secure investment
- attractive short term income returns
- no entry or exit fees
- ready access to funds
- the availability of a Regular Savings Plan
New investment manager arrangements for AXA’s Cash Management Trust
From 28 November 2011, AMP Capital replaces AllianceBernstein as the investment manager for the cash assets held in AXA’s Cash Management Trust. Read more about the change.| Unit Price Cash Management Trust |
Date 10/02/12 |
Entry Price 1.0000 |
Exit Price 1.0000 |
Product information
Toolbox
This product summary is only provided for information purposes. It does not contain investment recommendation nor provides investment advice. Professional investment advice can help you determine your tolerance to risk as well as your need to attain a particular return on your investment. We strongly encourage you to obtain detailed professional advice and to read the relevant offer document in full before making an investment decision. Units in the fund will only be issued upon receipt of an application form accompanying a current disclosure document. The information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.
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As at 30th March 2011, AXA Asia Pacific Holdings Limited and all of its Australian and New Zealand subsidiaries ceased to be members of the Global AXA Group and became members of the AMP Group.
