|Bid Price||-||Offer Price||-|
|Mid Price||GBX 5,509.66||Day Change||GBX -0.64 (-0.01%)|
|Price Date||29 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||0.00||Fund Size||14,847,800.00|
|Launch Date||09/05/2002||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.30||Sector||IMA UK Equity Income|
|Min Investment (£)||25,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB0031438384||Min TopUp (£)||10,000.00|
To provide a competitive level of income that is consistent with a high degree of security of capital by investing in a portfolio of high quality money market instruments. The company will invest in a range of primarily sterling denominated money market instruments with banks and financial institutions mainly in UK, Europe and the US to provide a wide diversification of risk while maintaining adequate liquidity to meet investor demands. The Fund will invest in a wide range of financial instruments, mostly designated in sterling. The Fund will be able to invest in non sterling denominated instruments, in which the Fund may hedge the foreign currency exposure by the use of forward currency transactions or suitable currency derivative instruments.
Thomas Nyegaard is a Portfolio Manager in the Money Markets team. He joined the Money Markets team in August 2011; previously a Senior ABS Analyst in the F&C Credit team. He joined F&C in August 2007. Prior to this, he worked at Fitch Ratings as an Associate Director within the covered bonds team with responsibility for rating UK, US and Nordic covered bonds. Previously, Thomas was a Fund Manager at Dansk Supermarked A/S (part of Maersk Group) where his responsibilities included liquidity management and managing a bond portfolio consisting of asset backed securities (ABS), covered bonds and sovereigns. Thomas has an MSc in Economics from Odense University, Denmark and has also completed the IMC in the UK.