UBAM Dynamic US Dollar Bond A
UBAM Dynamic US Dollar Bond invests in high grade investment bonds. It has a diversified portfolio of short duration/ floating rate USD notes issued by corporates. Fund portfolio has an average rating of BBB/A and maximum average maturity duration of 24 months. The fund may invest 10% of net assets in emerging markets and 20% of net assets in High yield Bonds. The fund is actively managed and benchmarked against SOFR Overnight rate. The current portfolio (Jun21) is well-diversified across 130 holdings with an average credit rating of A- and a portfolio yield of 0.4$. The fund invests in developed markets and has near-zero interest-rate risk.
Goldman Sachs USD Liquid Reserves I ACC
The US$ Liquid Reserves fund is an alternative to cash deposits and is meant for managing short term liquidity. It invests exclusively in high quality money market securities and instruments with a focus on preservation of capital and maintenance of liquidity. The fund’s top sector exposure includes time deposits, commercial papers (finance & asset-backed) and sovereigns (treasury bills) and weighted average maturity is below 30 days. Why this Fund ?
- 1. Low cost (20bps) highly liquid/ low risk USD money market fund
- 2. Its size (USD 35b) makes it efficient in execution & a good alternative to cash deposits
- 3. Invests exclusively in high quality money market securities