RLAM adds enhanced cash fund to short-dated range

Royal London Asset Management (RLAM) has added a new cash fund to its range in a bid to capitalise on the success of its Cash Plus fund.

The Royal London Enhanced Cash Plus fund will invest in money market instruments and short-dated investment grade debt issued by corporates, governments, and supra-nationals. The firm says the fund will have a similar approach to its existing Cash Plus fund, with the potential for increased yield and a corresponding increase in risk. Its aim is to provide income and capital growth in excess of money market rates. While most of its securities will be sterling investment grade, any overseas assets will be hedged back to sterling. The UK-domiciled OEIC will be managed by RLAM's Craig ...