Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Ignis adds sterling & dollar classes to £1.3bn short duration cash fund

Ignis adds sterling & dollar classes to £1.3bn short duration cash fund

Ignis, led by Chris Samuel (pictured), has introduced US dollar and euro share classes on its £1.3 billion Sterling Short Duration Cash fund.

The move allows euro or dollar investors to invest in their base currency without taking exchange rate risk to sterling.

The fund returned 0.89% in the 12 months to the end of January, compared to the UK Interbank 3 month LIBOR benchmark return of 0.51%. 

'2014 is likely to present different challenges as central bank liquidity is gradually un-wound and interest rate expectations begin to rise, which will begin to establish a sense of normality for money markets.

'I am confident that we can continue to deliver for our clients and I look forward to welcoming investors into the new euro and US dollar share classes in due course,'  Brian Jack, head of liquidity, said.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter