What are Cash Management Trusts?
Cash management trusts (CMTs) are unit trusts which allow investors to pool their money for investment in the short term money market. They allow easy access to your money while earning a competitive short term rate of interest. The security and access to money invested in cash management trusts is outlined in the prospectus. You should read and fully understand this document before investing. If you are confused ask your adviser for more information or phone the National Information Centre on Retirement Investments (NICRI) for assistance. Advertising might indicate that a particular trust has a high security rating. You should look at the underlying investments of the trust and ensure the risk level is suitable for you before investing your money. Cash management trusts that invest only in government or bank backed investments are low risk. You must remember this does not mean your money is guaranteed and this is stated in the fine print of the prospectus. Advantages • Access to your
