Lifetime UK Cash Fund

   

The Lifetime UK Cash Fund is a fund which holds cash in a GBP foreign currency account with Westpac New Zealand Limited. The fund seeks to track the Sterling Overnight Index Average (SONIA) (NZD).

 

Underlying Managers & Target Asset Allocations

The table below sets out the target asset allocation and underlying investment managers for the Fund.

For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).

 

Asset Class

Underlying Fund Managers

Investment Managers

Product Name

Benchmark Asset Allocation

Cash & Cash Equivalents

Westpac

-

GBP foreign currency account

100%

 

 

Fund Performance

Find below the performance to 30 April 2024. The returns are after tax & fees (at 28%), and before tax & after fees.

 

PIR Tax Rate

1-Month

3-Month

6-Month

12-Month

3-Years*

5-Years*

After tax & fees

0.33% 2.28% 2.38% 5.84% 2.47% 0.67%

Before tax & after fees

0.46% 3.17% 3.30% 8.13% 3.36% 0.84%

* Returns over 1-year are annualised

 

The ‘AMP UK Cash Fund’ was renamed the ‘Lifetime UK Cash Fund’ when Lifetime Asset Management acquired the Scheme on 1 March 2023. Performance therefore reflects the ‘AMP UK Cash Fund’ prior to 1 March 2023.