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Ranking
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Sector:
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Global-Fixed Interest-Money Market |
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Size:
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(GBP) 182 407 120 |
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Sector Rank:
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1 out of 11 |
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(lump sum over 3 years to 31 Oct 2006)
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Overall Rank:
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141 out of 239 |
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(lump sum over 3 years to 31 Oct 2006)
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| R20000 invested on 31 Oct 2003 was worth R27 830 at 31 Oct 2006 |
(11.64% annual compound return)
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| R5000 per month since 31 Oct 2003 was worth R235 593 at 31 Oct 2006 |
(16.89% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| Liberty Ermitage Asset Man Jersey L |
| LEAMJL is a small professional team dedicated to the investment management of the Jersey based money funds. LEAMJL is exclusively focussed on cash management whereas other institutional asset managers have a large bias towards equities and bonds and have a very passive approach to the management of cash. The company employs a scientific approach to cash management combined with the rigours of maintaining the AAAm Standard & Poor's rating which provides the highest form of security to investors. |
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Focus and Objective
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The investment objective of the fund is to invest within the constraints necessary to maintain a AAAm rated, daily accessible, safe haven account for corporate and institutional cash. The fund's policy is to implement rigorous credit and market analysis to produce a superior alternative to overnight bank deposits. The fund is benchmarked against the overnight bank deposit rate - LIBID. (at 11am GMT) GBP
Principal Investment Restrictions:
Paper quality has to be minimum of 50% in A1+ (short term rating) and a maximum of 50% in A1
Restrictions:
(short term rating) Maximum portfolio weighted average maturity is 90 days and for an individual investment is 1 year. Maximum exposure to any one counterparty is 10% of assets of class fund for A1 and 20% for A1+
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Technical Overview
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| Benchmark: |
Overnight bank deposit rate - LIBID (at 11am GMT) GBP |
| Base currency: |
GBP |
Is this fund a roll-up fund? |
Yes |
| Broker comm payable? |
Yes |
Management fee (p.a.): |
0.25% |
| Domicile: |
Jersey |
Minimum lump sum: |
ú100 000 |
| Formation date: |
01 Oct 1996 |
Pricing system: |
Forward |
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