Liquidity

EU Money Market Funds Fund Reform Update

Conversion date for LGIM Liquidity Fund Sub-Funds

On the 11th January 2019, the Central Bank of Ireland and the Commission de Surveillance du Secteur Financier, Luxembourg published a joint statement on the treatment of share cancellation under the Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (“MMFR”). The statement confirms that all use of share cancellation must cease by no later than 21 March 2019. Please see below for a link to the full statement.

https://www.centralbank.ie/news-media/press-releases/statement-on-the-treatment-of-share-cancellation-under-eu-regulation-2017-1131

As a result of this, the conversion of the LGIM money market funds under MMFR will now take place at a later date. Subject to regulatory approval, the revised conversion date will be no later than 21 March 2019. We are committed to keeping you informed and will advise you of the revised conversion date as soon as possible.

LGIM’s range of cash management solutions is backed by one of the largest active fixed income teams in Europe. The combination of our significant resources, collaborative team-based investment approach, and high-quality research mean we can offer clients a range of pooled funds and bespoke liquidity solutions to support their cash management needs.

The benefits of liquidity funds video

Our fund range

To support operational cash management, same day liquidity and daily price stability, we offer Liquidity Funds in Euro, Sterling, and US Dollars. For more strategic cash, the Liquidity Plus Fund offers capital stability and an increased return target over a longer term horizon. Both funds can be used independently or as a combined cash investment management solution. We also offer a bespoke separate account capability.

Fund centre

Access our fund fact sheets, fund prices, performance, charges and documents.

Liquidity document library

Find more information, including KIIDs, the Account Opening Guide, and the Annual Manager’s Report.

The LGIM investment approach

LGIM has a team-based approach to liquidity management, which forms a strategic part of our asset management capability.

Our approach draws together three forward looking elements, all dedicated to capital stability and providing liquidity. Our long term macro themes act as an anchor to portfolio construction, our global credit research produces high quality diversified portfolios, and effective risk management ensures consistency with portfolio objectives.

In addition to LGIM’s risk management oversight, the LGIM Liquidity Funds are rated AAAm by Standard & Poor’s, Aaa-mf by Moody’s and AAAmmf by Fitch.

Investment team

John Wherton

Senior Fund Manager