GLOBAL - The ABN Amro Global Liquidity Fund grew by more than £700m in the first half of the year taking its total value to £2.2bn.
The GLF is an umbrella, open-ended investment company, consisting of three sub-funds – the US dollar, sterling and euro funds. It aims to provide an alternative to deposits.
ABN Amro’s working capital business management global head Ann Cairns said: “This is further evidence that ABN Amro’s holistic approach to clients’ working capital needs is the way forward.
“By combining our expertise in liquidity management with the investment tools of our asset management team, we have been able to provide a superior service to our clients.”
The Institutional Money Market Funds Association, of which ABN Amro is a founding member, recently noted an increasing popularity of triple-A rated money market mutual funds, which offer overnight liquidity and enhanced yields over other short-term investment options.
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