Aviva Investors has expanded its liquidity offering with the launch of a money market fund targeting returns of cash plus 0.1%.
Managed by Richard Hallett and Josh Bramwell, the Sterling Standard Liquidity fund will build upon the asset manager's existing liquidity offering, which will now comprise six strategies. Aviva Investors profits sink by over 60% on lower revenues as AUM drops The strategy is a regulated ‘standard' money market fund benchmarked against the SONIA rate, which could be suitable for long-term cash balances, the firm said, with the potential to generate an "incrementally higher yield" compared to short-term money market funds. The fund will be actively managed and invest in a diversified...
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