Isle of Man feeder fund
28/04/2008
Prime Rate Capital Management has launched a specialist Isle of Man feeder fund to provide off-shore access to its UK based Qualifying Money Market funds.
The fund is available in Dollar, Euro and Sterling and targets investors who are keen to use offshore funds but may still want the benefits of a UK based liquidity fund.
The principal fund range Prime Rate Cash Management Funds was launched at the end of March 2008 and are the first UK domiciled, Constant Net Asset Value (CNAV), Qualifying Money Market Funds.
All funds were awarded the highest possible fund rating from Standard & Poor’s and Fitch in recognition of the credit quality, market price exposure, and management.
The principal fund range invests in a wide selection of highly rated securities, with limited exposure to any individual issuer. This means that the investor’s liability is spread over a range of different credits, an increasingly important consideration for investors in the current markets.
