The investment approach of the State Street Floating Rate Fund is to retain principal and provide daily liquidity by investing in a set of high quality diversified securities using active portfolio management.
- Preservation of Principal Aims to ensure preservation of principal, we create diversified portfolios that have high credit quality and short duration.
- Liquidity To help provide daily liquidity, we have structured a short duration portfolio designed to accommodate client cash flows.
These two fundamentals work together to provide an attractive enhanced cash return. While many market factors contribute to return outcomes, our large and experienced global credit research team use a broad range of tools to conduct fundamental credit research. This ensures that the Fund can add value in a conservative manner whilst also managing the risks.
The Australian based Portfolio Managers are ultimately responsible for the investment strategy. The Portfolio Managers make relative value trading decisions and evaluate the size of investments relative to market liquidity to minimise market impact.