Moneyfarm launches money market portfolio
Liquidity+ provides access to institutional share classes typically only accessible to institutional investors
Digital wealth manager Moneyfarm has launched a portfolio of money market funds managed by global asset managers.
The fintech is launching Liquidity+ for investors looking to shield their short-term savings at a time of high-interest rates.
The money market fund, a type of mutual fund investing in short-term, low-risk debt securities, will allow investors to exit or move cash into their account without restrictions on withdrawals or deposits.
“With Liquidity+, we are offering a low-risk investment option with attractive yields, managed by top global institutional asset managers,” Moneyfarm CEO Giovanni Daprà said.
“We understand that not everyone has the time to navigate market volatility, and that's why we have carefully designed Liquidity+ to cater to investors with short-term investing time horizons.”
The new products follow the launch of Moneyfarm’s sustainable investment and thematic portfolio, and recent news that the company saw both its client numbers and assets hit record highs in the first half of the year.
For Liquidity+, the funds will be selected by the company’s asset allocation team, led by chief investment officer Richard Flax.
The funds will focus on bonds, deposit certificates and commercial paper, with both the institutional managers of the funds and Moneyfarm monitoring and managing the limited risk exposure.