Fund overview
The Royal London Short Term Money Market Fund provides clients with a high quality and diversified cash investment option. This safety and security is especially important for cash investors in today’s more difficult market conditions.
The Royal London Short Term Money Market Fund is managed by Royal London Cash Management (RLCM), a sister company of RLAM. RLCM is the UK’s largest segregated cash manager, managing cash on behalf of more than 80 educational establishments, as well as for charities, corporations and other clients.
Manager
Tom Meade, Investment Director, RLCM: Tom has a wealth of experience of managing assets in the money markets. He joined the Union Discount Group in 1978, working across a range of fund management roles in the interbank money markets. In early 1986 he moved to Guernsey and established a branch of Union Discount Company, Union Fund Management (UFM) Channel Islands. Tom returned to London in 1988 and was appointed Investment Director, UFM, in 1991. UFM was renamed Royal London Cash Management in 2001 following its acquisition by the Royal London Group.
Investment approach
Launched in April 1999, the Royal London Short Term Money Market Fund seeks to maximise income by investing in high quality, short dated cash instruments. The fund has developed a strong track record by placing particular emphasis on the security of the counterparties it lends to, whilst ensuring daily liquidity for clients.
A key attraction of the fund is that it only invests in very straightforward investment instruments. The fund invests in short dated cash instruments, such as certificates of deposits, time deposits, and call deposits from a range of high quality banks. It may also hold UK Treasury Bills or short dated Gilts.
At RLAM we believe that a well diversified cash portfolio consisting of highly rated banking names will deliver the combination of security and liquidity that our clients need. Our clients demand a strong and consistent level of performance, and as a specialist cash manager we can add value through our fundamental approach to liquidity management.