A unit trust where investors (unit holders) pool their money into money market instruments which are normally only available to professional investors with hundreds of thousands of dollars to invest in the money market. Cash trusts operate with a trust deed, a trustee overseeing activities and a management company responsible for the investment strategy.

pooled investment vehicle for investors who would not individually have access to the professional money market. By pooling funds from various sources, larger volumes of higher yielding short-dated securities can be purchased and the resulting higher returns can then be returned to the trust members. CMTs generally restrict themselves to negotiable instruments of a duration of no longer than six months. As these securities are highly liquid, a CMT can accommodate cash flows, both in and out, on a daily basis, thereby offering small investors a flexibility not present in a traditional fixed rate term deposit.

A managed investment option in the short-term money markets.

A pooled investment vehicle providing investors access to the professional money market. Cash management trusts invest in highly liquid investments, such as Bills of Exchange, Promissory Notes and Government and Semi-government bonds, generally with a maturity of less than six months.

a managed investment in which the primary investments are cash as defined above. While offering security, they can also offer a competitive rate of interest. Find out more about CMTs.

A managed investment that invests in high-yielding money market securities. CMTs tend to provide a flexible, better performing alternative to a bank account.

A pooled investment vehicle that invests in high-yielding money market investments normally only available to professional investors.

A pooled investment tool, usually of six months duration, designed for individuals who would not otherwise have access to the high-yield returns of the professional money market.