Short Term Money Market Fund


Fund overview

The Fund aims to provide a high quality, diversified cash investment option with stability of capital and an income in line with money market rates. The Fund invests in sterling denominated money market instruments. The Fund's predefined ethical criteria mean that it will not invest in companies or issuers that generate more than 10 percent of their revenues from armaments and tobacco.

The RL Short-Term Money Market Fund is a variable net asset value short-term money market fund.

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 seeks to maximise income by investing in high quality, short dated cash instruments. The managers place particular emphasis on the security of the counterparties it lends to, whilst ensuring daily liquidity.

The Fund only invests in very straightforward investment instruments, including 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.

The managers believe that a well-diversified cash portfolio consisting of highly rated banking names could deliver the combination of security and liquidity they seek. As a specialist cash manager our team can add value through our fundamental approach to liquidity management.

Where relevant, investments will be screened to ensure they meet the Fund’s predefined ethical criteria.

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.

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.

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