ANZ Grindlays asset management company is to launch an open-ended Grindlays super saver income fund-short term scheme on Thursday. The fund is designed to provide investors with the stability of cash funds but with relatively higher returns over one month or a longer time frame, a company release said.

The short-term plan would have a monthly dividend option which would be declared on the last working day of every month and paid out to investors within the first week of the following month, the release said. Bureau Report