Cash Plus Fund

DEFINITION of 'Cash Plus Fund'

A type of fund, commonly found in Australia, that is formulated for conservative investors seeking preservation of capital and reasonable investment returns.

BREAKING DOWN 'Cash Plus Fund'

The portfolio managers of cash plus funds invest in a mixture of high-yield, fixed-income securities and money market securities. The success of these funds is commonly compared to the UBS Australian Bank Bill Index and the fees are generally very low.