We are pleased to announce that effective from 1 July 2023, our Diversified Fund rate will increase to 7.00% pa.
Interestingly, the banking sector’s projections now indicate an expectation of further rate hikes in the coming months, with Westpac and NAB predicting a potential peak of 4.60%. CBA, on the other hand, is currently predicting a more conservative peak of 4.35%.
Diversified Fund Investors will continue to benefit from future cash rate rises, with the fund rate likely to increase accordingly.
Should you require any further information or wish to discuss our Diversified Fund in more detail, please do not hesitate to reach out to our Investment Team directly.
*Past performance is not indicative of future results. Please refer to the PDS for more information.