CF Canlife Sterling
Liquidity Fund

The CF Canlife Sterling Liquidity Fund is designed to provide institutional investors with a high degree of capital security with daily liquidity. The managers construct a diversified money market portfolio of high quality commercial paper, certificates of deposit, floating rate notes and short dated bonds, with the aim of delivering an enhanced return relative to short-term bank deposits. 

REASONS TO RECOMMEND

AN EFFECTIVE SOLUTION
Within an uncertain environment, institutions are hunting for secure vehicles for their cash deposits. The fund aims to meet this demand, enabling investors to generate a return on their short-term deposits, manage cash flow efficiently and securely whilst also maintaining the ability to put cash reserves to play in markets strategically.

HIGH QUALITY
At Canada Life Investments, we have significant credit research team and a long heritage in fixed income investing, with a focus on strong credits, diversification and capital protection. Any instrument held in the fund must have a minimum A rating.

EXPERIENCED TEAM
The fund is lead-managed by Steve Matthews, with support from Assistant Fund Manager, Andy Head. Steve and Andy have worked together for 14 years and are responsible for managing short bond and liquidity mandates for a number of institutional clients, as well as life and pension money funds. In total, they manage c. £2.5 billion of liquidity assets. Drawing on their significant experience and market relationships, we believe the CF Canlife Sterling Liquidity Fund will be a welcome addition to the IA Money Market sector.

HOW THE FUND IS MANAGED

The CF Canlife Sterling Liquidity Fund is a straightforward investment proposition, which offers diversification versus bank deposits combined with high levels of liquidity and credit quality. The team adopt a conservative, low-risk style that concentrates on counterparties with strong fundamentals. As well as Steve and Andy’s longstanding expertise in sterling bond and money markets, they are also able to draw upon Canada Life Investment’s credit analysis team, which has in-depth knowledge of individual corporates and sectors, drawing on the firm’s long experience in annuity management.

This results in a portfolio of high quality money market assets with a focus on capital preservation and sustainable returns. 100% of the portfolio will be rated between AAA and A1, with the term and size of the investments being determined by their internal rating. All counterparties are monitored and reviewed by the credit analysis team, at least quarterly, to anticipate any issues.

Typically, the portfolio will allocate to between 40 and 80 issuers. The fund can also hold up to 10% in money market funds as an additional level of liquidity to support overnight deposits and short maturities.

 

The value of investments may fall as well as rise and investors may not get back the amount invested.

1Credit ratings are internal and assigned by Canada Life Investments. Ratings will generally be in line with the major external rating agencies and should not be higher than the highest rating of these. Canada Life Investments will assign ratings to bonds that do not have an external rating.

 

SHARE CLASS INFORMATION

Share
Class
ISIN SEDOL ONGOING
CHARGE
FIGURE(OCF)2
ANNUAL
MANAGEMENT
CHARGE(AMC)
MINIMUM
INITAL
INVESTMENT
MINIMUM
TOP UP
I Acc GB00BYW8XV16 BYW8XV1 0.16% 0.15% £1,000,000 £100
I Inc GB00BYW8XW23 BYW8XW2 0.16% 0.15% £1,000,000 £100

2Estimated OCF. 

FUND MANAGER

Interested in this fund and would like to find out more?

Contact our team who will be happy to answer any questions you may have about this fund.

Tel Icon +44 (0)20 7415 6490

Email Icon contactclinvestments@canadalife.co.uk

Contact Us

Do not fill this field

Loader image

Fields marked * are required