Cash Fund
Since inception return
1 year return
Risk Profile
Lower risk Higher risk
1
2
3
4
5
6
7
Potentially
lower returns Potentially
higher returns
Target Income / Growth Assets
-%/-%
This Fund is for investors seeking:
• A target return above the New Zealand Official Cash Rate
• A low risk investment
• Exposure to primarily New Zealand cash, short-dated debt securities and term deposits
Fund Introduction Quarterly Fund Update
Paul Morris, Portfolio Manager
Paul joined Milford in February 2016. He is the Portfolio Manager of the Milford Conservative Funds (Unit Trust & KiwiSaver), Trans-Tasman Bond Fund, Global Corporate Bond Fund and Cash Fund. He is also Co-Manager of the Milford Balanced Funds (Unit Trust & KiwiSaver) and Diversified Income Fund. Paul has over 20 years’ experience in financial markets here and overseas. Paul held senior fixed income roles with investment banks including Merrill Lynch and ABN AMRO in London. His experience includes debt capital markets, credit trading and interest rate derivatives trading. Paul moved to New Zealand in 2009 and was Executive Director and Head of Debt Capital Markets at JBWere, before moving to Macquarie Private Wealth in 2010. Paul has a Masters in Aeronautical Engineering from Queens University in Belfast.
Ian Robertson, Senior Analyst
Ian joined Milford in 2017 as a Senior Analyst focused on fixed income investments. Ian is also Co-Manager of the Milford Cash Fund. Prior to joining Milford Ian worked at ANZ Bank New Zealand, most recently in the Specialised Finance team originating, structuring and executing leveraged transactions. Before returning to New Zealand in 2014, Ian spent seven years at a UK fund manager as a Credit Analyst investing in European and US leveraged loans and high yield bonds. He has also worked on advisory, restructuring and formal insolvency appointments at PricewaterhouseCoopers in Auckland and London. Ian has a Bachelor of Commerce (Hons) majoring in Finance from the University of Auckland.