Available now – Betashares Australian Cash Plus Fund (managed fund)

Betashares Australian Cash Plus Fund (managed fund) is now available on the ASX (ASX: MMKT).

MMKT provides exposure to a diversified portfolio comprising Australian dollar cash and short-term money market securities.

The money market securities in the portfolio mostly have 3 months or less to maturity and are issued by investment grade entities.

The Fund will aim to generate a yield (before fees and expenses) in excess of the Bloomberg AusBond Bank Bill Index, with distributions paid monthly.

MMKT provides access to securities with enhanced yield that are generally only available to institutional investors.