SWIP adopts UCITS standards for cash balance fund

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UK - Scottish Widows Investment Partnership (SWIP) has adopted UCITS III requirements for its £9bn Global Liquidity Fund.

By adopting UCITS III standards, managers of other UCITS funds will be able to invest cash balances in the fund. The Global Liquidity Fund aims to return yield in excess of 7-day LIBID on a rolling...

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