of money in a (good) superannuation fund.
Occasionally I move some of it around to a different investment group/class.
Of the different type of investments available to me, I don't understand what 'Diversified Fixed Interest' is. I thought I did, since my fund describes the asset class thus -
Fixed interest
.
Fixed interest investments pay regular interest and mature on a specified date. They include government and corporate bonds and debentures.
.
Fixed interest is normally secure if held until maturity when the full face value is payable, but there is the potential for short-term changes in value due to the movement of market interest rates.
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They offer a higher level of security than shares and property, but provide a lower return over the long term.
.If it's fixed interest, why does the interest paid/earned from this class into my super vary as a % basis on a daily basis ? (I do check every day.)
Feeling a bit foolish since I don't know the answer, but hopefully someone will gladly explain it for me.
Thanks in advance
dub
