Allianz Money Market - WT(USD) ACC
The Money Market fund is an alternative to cash deposits and is meant for managing short term liquidity. It invests high quality money market securities and instruments with a focus on preservation of capital, independent of interest rate and currency fluctuations. The weighted average residual maturity of all assets held by the Fund are less than 12 months at any time. This Fund is managed in reference to the benchmark index at LIBOR Overnight USD. Why this Fund ?
- 1. Low cost (21bps) highly liquid/ low risk USD money market fund
- 2. Allianz is one of the largest global active investment managers
- 3. Its size makes it efficient in execution & a good alternative to cash deposits