the Smarter money funds often have much higher exposure to cash than the likes of AMP corporate bond though.
I quite like Perpetual diversified income ( also wholly FRNs )
but like even more Perpetual Pure credit alpha fund. performance has been excellent
over 7% p.a 5 years running although a riskier option being into lower quality credit.
they do however have the option of shorting which is interesting.
only available directly for wholesale investors but I can access via Netwealth Super.
