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Money Market Funds

For banks, insurance companies and large investment institutions, money market funds are the most popular choice when it comes to placing liquid cash. These funds invest in high grade very short dated bonds (maturing in weeks or months) and offer underlying returns of close to 4% per annum currently. They are also extremely liquid and can be sold and converted to cash very quickly (daily tradeable).Two such opportunities are as follows:

Amundi Funds Cash

This Fund invests at least 67% of assets in money market instruments. The objective of the fund is to offer investors returns in line with money markets rates.

Fund Size                          €2.9 billion

Annual Yield                     3.7%

Data correct as at 6th February 2024.
Source: Amundi Asset Management

Pictet Short Term Money Market

The fund invests in short-term money market instruments that are issued by highly rated issuers and are either denominated in Euro, or systematically hedged to this currency (meaning investors have little or no exposure to currency risk).

Fund Size                          €8.4 billion

Annual Yield                     3.75%

Data correct as at 6th February 2024.
Source: Pictet Asset Management

Need to know more?

Should you wish to discuss your investment portfolio, please contact Harvest Financial Services on 01 2375500 or email justask@harvestfinancial.ie.

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Contact our Investment Experts on:

01 2375500
justask@harvestfinancial.ie

Warning

This marketing information has been provided for discussion purposes only. It is not advice, it is provided for general information purposes only and does not fully take into account your financial position, investment needs and objectives, attitude to risk, liquidity needs, capital security needs, capacity for loss, ESG preferences, etc. It should therefore not be relied upon to make investment decisions. Prior to any formal investments taking place you will be provided with a detailed suitability letter taking into account all the above and outlining why the investment(s) are (not) suitable for you.

Warning: If you invest in this product, you could lose some or all of the money you invest.

Warning: The income you get from this investment may go down as well as up.

Warning: The value of your investment may do down as well as up.

Warning: The figures refer to the past. Past performance is not a reliable indicator of future results.

Warning: This product may be affected by changes in currency exchange rates.

Warning: Any yield information should not be considered as an assurance or guarantee of the performance of the fund or any part of it.  The actual yields could be less than those shown.