Commsec Funds

[sinner]

Apologies if this is in the wrong area, didn't know exactly where to post.

Anyone investing in these commsec direct funds?

After some rudimentary examination I came up with a few I like, was wondering what people think about them as a place to park some cash.

Obviously there are many funds with many goals and methods. I am looking for liquidity/low risk/moderate growth/low barrier of entry and exit/minimum or no fees:

https://funds.commsec.com.au/Public/Research/Research.aspx?FundID=3515
CFS MIF - Cash Fund
Minimum Initial Investment: $1,000.00
MER (Management Expense Ratio): 0.95 %
Entry Price: $1.01
Exit Price: $1.01
Fund Objective
Invests in money-market securities. Asset allocation: cash 100%.

https://funds.commsec.com.au/Public/Research/Research.aspx?FundID=29065
ING OA IP ING Cash
Minimum Initial Investment: $1,000.00
MER (Management Expense Ratio): 0.95 %
Entry Price: $0.98
Exit Price: $0.98
The Fund invests predominantly in a diversified portfolio of short-term defensive assets. The Fund is actively managed in accordance with INGIMs cash investment process.

https://funds.commsec.com.au/Public/Research/Research.aspx?FundID=14840
Credit Suisse Private Inv Cash
Minimum Initial Investment: $5,000.00
MER (Management Expense Ratio): 1.18 %
Entry Price: $1.01
Exit Price: $1.01
Invests in short-term instruments to maintain high credit quality and liquidity.

I might go with credit suisse for a bit just because I like their style :
http://www.bloomberg.com/apps/news?pid=20601087&sid=abJOQQI18SAE&refer=home

Eagerly awaiting replies...

 

[Julia]

Sinner, on attempting to access the links in your post, this is what came up:

 

[Garpal Gumnut]

Sinner mate, avoid funds.

Invest directly in stocks or sectors.

www.asx.com.au will give you ideas on investing on the asx.

I started by just walking into stores and working out which were busier.



Woolies versus Coles etc etc

Do it yourself mate, these funds are a way to pay 2-3% upfront, then you have to make 7-9% to keep up with the index/inflation.

gg

 

[sinner]

Sinner, on attempting to access the links in your post, this is what came up:

Yeah they use some weird security thing. If you use firefox you can add a security exception. The problem is accessing funds.commsec.com.au instead of funds.comsec.com.au as you can see in the error message. I can no longer edit my original post so you will have to do it manually (just change commsec to comsec in the url) to access the page.

 

[sinner]

Sinner mate, avoid funds.

Invest directly in stocks or sectors.

www.asx.com.au will give you ideas on investing on the asx.

I started by just walking into stores and working out which were busier.



Woolies versus Coles etc etc

Do it yourself mate, these funds are a way to pay 2-3% upfront, then you have to make 7-9% to keep up with the index/inflation.

gg

Thanks Garpal, I am already trading happily on the ASX and international markets with 0 losses this year.

You can clearly see from the information I included that the "upfront" you pay is around 1% (which you actually pay annually) with some negative growth recorded but annual income ranging from 2-6% for 12 months. The funds I have listed are not the funds you are thinking of, I reckon.

 

[billv]

sinner
Why bother?
If they make max 5% and they take 1% in management fees isn't the same as leaving your money in a savings account earning 4% with zero management fees and capital guaranteed?

 

[sinner]

Who's to say I don't have some in the bank? Actually I'm being really naughty right now and I don't have anything significant in cash all in the market on more than a few different plays atm, only for the very short term though!

But I've just transferred the petty cash last week to one of them newfangled comsec 4.25% till july jiggers and this is where the capital (and hopefully profits) will return to shortly.

Oops I'm rambling. The point of these funds is hopefully to highlight funds with a short-term money market backing rather than government banking is all.

How crass is the post above by me "0 losses" lol. Apologies. Had a few losses on the ASX (tight stops), made some dumb moves on the forex in mid Feb but moving back up now.

 

[Naked shorts]

I would avoid managed funds all together, if the fund manager cant care too much about the fund, his money isnt in it. If the fund manager loses 5%, it isnt his 5% he is loosing, I dont think mutual funds have a water mark scheme either.

 

[sinner]

Hi guys,

Nobody really read the info I provided did they? These are not your normal managed fund, they are invested in short term money market.

Looks like I am not the only one who has had this idea,

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLQ36583820090311

Money markets accounted for most inflows into Swiss-registered funds in February, while Zuercher Kantonalbank's gold-backed exchange-traded fund saw the largest inflows of any single fund, Lipper data showed.

...article continues

 

[robots]

hello,

i thought the money box was coming my way Sinner?

thankyou
robots

 

[billv]

Hi guys,
Nobody really read the info I provided did they? These are not your normal managed fund, they are invested in short term money market.

I did but I would have thought it was obvious?

 

[Bill M]

Obviously there are many funds with many goals and methods. I am looking for liquidity/low risk/moderate growth/low barrier of entry and exit/minimum or no fees:

Hello sinner, I find a lot of these funds are low risk with resonable return, however things have changed dramatically. No longer do we have 7 and 8% cash rates. This is down to 4 and 5% at best. These funds invest in govt. bonds, semi govt. bonds and cash. Some are better than others and there are some funds that have NO entry or exit fees. I attach one from Vanguard that is like this and has on going management fees of only .70%.
I do not believe under the current interest rate regime that they can keep up those returns. In other words, chasing last years returns could end up being disastrously low this year, I could of course be wrong.

sinner
Why bother?
If they make max 5% and they take 1% in management fees isn't the same as leaving your money in a savings account earning 4% with zero management fees and capital guaranteed?

This comment could be spot on. After all the fees and unknowns why bother with the above. You can get 4.25% right now at call 100% guaranteed. Nearly all those managed funds are not guaranteed. For a simple 100% guarranteed product I would go the 4.25% online account, good luck.

 

[drsmith]

For comparison most major banks are paying 4.5% to 4.75% on their internet savings accounts.