Aviva Investors rolls out sterling liquidity fund

Fund managed by Richard Hallett and Josh Bramwell


Aviva Investors has launched the Sterling Standard Liquidity Fund.

The new offering is a regulated standard money market fund suitable for longer-term cash balances.

The aim is to invest in slightly longer-dated securities to generate an incrementally higher yield than short-term money market funds. The fund will be benchmarked against the SONIA rate and will target cash + 0.1% returns. 

See also: Unexpected fall in inflation opens door to Bank of England rate hold

It will be actively managed by Richard Hallett and Josh Bramwell, and will seek to achieve its objective by investing in a diversified portfolio of high-grade sterling-denominated short-term debt and debt-related instruments. These will include certificates of deposit, commercial paper, term deposits, asset-backed securities, senior unsecured bonds, covered bonds and treasury bills. 

The fund has a credit quality rating of ‘AAAf’ from Fitch Ratings and is an Article 8 product under the SFDR. The launch brings the firm’s liquidity range up to six funds. 

See also: Calastone: Equities funds shed £1.19bn in August as money markets soak up more cash

Anthony Callcott, global head of liquidity, said:  “Following increased demand and speaking to our clients, we are pleased to be able to further expand our suite of liquidity products through the launch of the new Standard Liquidity Fund.

“Interest rates appear set to remain higher for longer, and with inflation gradually falling, we believe money market funds can offer investors an effective way of accessing positive real yields on cash.”

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