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...
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