Given the low rate of return from our existing term deposits, it was decided to seek the assistance of a financial planner to review and rationalize our existing cash assets. Accordingly, we engaged the services of Common Cents Financial Services Pty Ltd (CCFS) to advise the ECFA on an appropriate investment strategy going forward.
This year, several of our long term deposits have matured and so we were faced with considering new sources of income. As a result and with the assistance of CCFS, the ECFA has commenced investing in a range of funds that will deliver returns in excess of 4% – and in some cases up to 12% per annum. We have now invested in the following funds:
- La Trobe 12 month
- Trilogy Monthly Income
- AMP – Core Infrastructure
- AMP – Core Property
- AMP – Corporate Bond
- Cromwell Direct Property
We believe that this strategy will increase our annual income significantly from current levels, enabling us to fund a greater range of individuals and organisations that promote Estonian culture in Australia.
