Vanguard has launched sterling short-term money market fund. Managed by a team of specialist fund managers in Vanguard's Fixed Income Group, the UK-domiciled fund aims to provide capital stability and maintain high levels of liquidity, while generating a higher return than cash over the long term.
Vanguard has managed money market strategies for over forty years, and currently looks after over £240bn (as of 31 May 2019) in money market strategies on behalf of investors' globally.
Matthew Piro, head of Product, Europe, Vanguard said on the launch: "The Vanguard short-term money market fund is focused on short-dated and high quality investments to provide capital stability, high credit quality, liquidity, and to minimise risk. This can, potentially, make it a good place to invest cash with short-term requirements; whether that's managing income, purchasing a car, or paying out a deposit."
Vanguard's money market funds are managed by the Vanguard Fixed Income Group (FIG). FIG takes a team based approach to investment management, avoiding a star manager system. The team is globalised with trading desks in the United Kingdom, United States and Australia driving an investment approach that is rigorous, analytical, high-controlled, and cost effective.
