Fitch Ratings has awarded a 'AAA' rating to Legal and General Investment Management's Sterling Liquidity Fund.
According to the provider, the investment fund adopts a conservative strategy with capital preservation and liquidity being the key priorities.
Indeed, the fund has been one of the fastest growing liquidity funds within the Institutional Money Market Funds Association peer group.
Jennifer Gillespie, the manager of the Fund, commented "I am delighted that Fitch have followed S&P with an AAAmmf rating as this is positive reinforcement that during difficult times the fund continues to prove its resilience and maintain its prime objective of capital preservation."
Meanwhile, Michael Baxter, editor of Investment and Business News, recently welcomed British banks' pledge to provide investment for developing businesses.
He warned, though, that the £1.5 billion promised may not be enough.
Investment fund given AAA market rating
Investment fund given AAA market rating
Tue, 19 Oct 2010
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