JPMorgan Fleming Asset Management has launched the latest in its range of liquidity solutions, the JPMFLF Sterling Enhanced Yield Fund, a sub-fund of the JPMorgan Fleming Liquidity Funds (JPMFLF), which will complete JPMF’s enhanced yield range offering. The JPMFLF Sterling Enhanced Yield Fund’s objective is to outperform the three-month Libor benchmark, while preserving capital and liquidity. Investments extend beyond typical money market instruments to include floating-rate notes, asset-backed securities and short-duration corporate bonds. No individual security will be rated less than A-, the overall fund will maintain AA average credit quality and the maximum weighted average maturity of the portfolio will be capped at one year. Mark Stockley, head of international liquidity, said: ‘While liquidity funds are essential in providing an efficient cash management solution for short-term funds, JPMFL Sterling Enhanced Liquidity Fund offers an ideal home for cash balances with a nine-month horizon or longer. The higher level of return is achieved through diversifying investments outside of traditional money market instruments, by utilising our global resources to identify superior investment opportunities and by actively managing duration (max average one year).’
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