Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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.
Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter