MoneyAM Fund Centre

Quick Stats

Fund Objective

The Fund aims to provide income and preserve the original value of your investment, however, this is not guaranteed. The Fund is actively managed, and looks to provide income returns broadly in line with the 1 Month GBP London Interbank Bid Rate (LIBID), before charges are deducted. LIBID is the indicative interest rate that banks expect to pay when borrowing from each other in the London Interbank Market. It is widely used by short-term money market funds to provide a benchmark against which performance can be compared over time. The Fund will invest in short-term assets of high credit quality from issuers that have received a favourable assessment in accordance with credit quality assessment procedures adopted by the Fund. These investments may include UK Government securities (including Treasury bills) with a maturity of 184 days or less, sterling denominated cash deposits and certificates of deposit. In addition, up to 50% of the Fund may be invested in sterling denominated commercial paper, also with a maturity of 184 days, or less. Investment in other short-term money market funds is permitted, but limited in total to 10% of the Fund’s value. The Fund is a variable net asset value short term money market fund.

Fund Managers

Paul Witchalls

Paul Witchalls is a portfolio manager specialising in cash, money market funds and foreign exchange.Paul began his career in the loans department at Barclays Bank in 1984 and in 1986 moved to Greenwell Montagu Securities. He joined the Cash Management Division of Eagle Star Investment Managers1 in 1988 and was appointed Assistant Money Manager on the Treasury / Foreign Exchange Desk in 1992.Paul holds the Chartered Financial Analyst designation and is also an associate member of the CFA Society of the UK.