Sterling Liquidity Money Market Fund


Fund overview

The Fund aims to provide a provide a return in line with money market rates or preserve the value of the investment.  The Fund will invest only in high quality securities and money market instruments and deposits with credit institutions. These instruments may be issued by either UK or non-UK issuers, but shall be denominated in Sterling.  Where relevant, investments will be screened to ensure they meet the Fund’s predefined ethical criteria.

Fund managers 

The Fund is managed jointly by Craig Inches and Tony Cole.

Craig Inches joined RLAM in January 2009 as a Fund manager with the fixed interest team. He is responsible for the management of government bond portfolios including index-linked bonds, gilts and non UK sovereign debt. Craig joined RLAM after an 11 year career at Scottish Widows Investment Partnership (SWIP) where he was Fixed Income Investment Director. At SWIP, Craig built up a strong track record across a wide range of fixed income Funds. Craig has an MSc in Investment Analysis from Stirling University and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University.

Tony joined RLAM in 2001 working across a variety of systems development, project management and Fixed Income technical roles, before moving to the Derivatives team in 2011. As a Derivatives Systems Manager his work focused on risk systems, modelling and derivatives pricing. Since the start of 2013 Tony has been a member of the cash team managing segregated cash portfolios. His qualifications include a first class BSc (Hons) in Financial Economics from the University of London.

Investment approach

The Fund will invest in only high quality securities and money market instruments, as determined by the Investment Manager. In making its determination, the Investment Manager will take into account a range of factors including, but not limited to the credit quality of the instrument; the nature of the asset class represented by the instrument; in the case of a structured financial instrument, the operational and counterparty risk associated with the instrument using in-house analysis on the issuer and the market; and the liquidity profile of the instrument. Where an instrument has been rated by a recognised credit rating agency and has been downgraded to below the two highest available short-term credit ratings, a new credit assessment shall be conducted without delay. Unrated instruments may be considered to be of high quality, in the Investment Manager’s discretion.

Product Risk Warning

Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. For funds that use derivatives, their use may be beneficial, however, they also involve specific risks.

Following the implementation of the Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on Money Market Funds (“MMFs”), the fund is subject to the following risks:

No Guarantee
The fund is not a guaranteed investment.

Principal Fluctuation
An investment in the fund is different from an investment in deposits. The principal invested in the fund is capable of fluctuation in value.

No External Support
The fund does not rely on external support for guaranteeing the liquidity of the fund or stabilising the NAV per unit or share.

Risk of Loss
Any risk of loss of the principal is to be borne by the investor.