Investment - Articles - LGIM launch Euro denominated Liquidity Fund


 Legal & General Investment Management (LGIM) has launched a euro denominated liquidity fund, to be managed by Jennifer Gillespie, Head of Money Markets, LGIM.

 The fund is available for both UK and Overseas clients and invests in euro denominated money markets assets. It follows the same cautious investment strategy as the highly successful £7.3bn* LGIM Sterling Liquidity Fund, also run by Jennifer Gillespie. The fund does not invest in Asset Backed Securities, Asset Backed Commercial Paper or Structured Investment Vehicles.

 It has been rated AAAm by S&P and AAAmmf by Fitch.

 The fund is available to institutional investors and has a minimum investment threshold of €25 million. It is expected to prove popular amongst a wide range of investors from Treasurers and Corporate Pension Schemes to Local Authorities, Charities and Insurance Companies, as an alternative or addition to cash accounts and deposits.

 Jennifer Gillespie, Head of Money Markets said “We are pleased to be extending our product range and offering our clients the opportunity of a euro denominated liquidity fund. LGIM Sterling Liquidity Fund has proven extremely popular with clients and consequently we saw the fund’s AUM grow by 120%*, making us the fastest growing fund in the peer group.

 I am confident that adopting the same cautious approach will prove equally successful with this new euro denominated fund.”

Back to Index


Similar News to this Story

Targeted Support major step towards addressing support gap
Targeted Support is poised to play a pivotal role for potentially millions of non-advised individuals. Non-advised could be supported with at retireme
FCA proposals for millions to navigate their financial lives
Millions more people could get help navigating their financial lives with support on pensions and investments, under proposals announced today by the
Comments on FCA proposals on navigating financial lives
Aviva, Just Group, Standard Life, Scottish Widows and the ABI comment on FCA proposals on navigating financial lives

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.