UK - Fidelity Investments, part of the world's largest independent fund management organisation, has announced that HM Treasury has approved Fidelity's Institutional Cash Fund (ICF), a ‘AAA' rated (Moody's) money market fund, as an investment vehicle for local authorities to utilise for their day-to-day cash management procedures.
Fidelity has more than 25 years experience of managing money market funds and currently has more than £147bn under management in money market funds. Adrian Mearns, director - head of sales at IC...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date