Aviva Investors, the 13th largest manager of European or "offshore" money market funds with $41.8 billion (when translated back into USD), announced a series of changes to their Ireland-based funds. The update, titled, "You asked -- we listened," says, "We've listened carefully and are pleased to share the changes we're making in response to your input. Based on your recent feedback, we've made a series of enhancements to improve operational efficiency, increase flexibility, and better align with your accounting and payment needs. These changes are designed to support your day-to-day liquidity management -- whether that's through more stable pricing, earlier redemption payments, or extended dealing deadlines." Aviva's brief explains, "What you said: The Euro Liquidity Fund needs to be LVNAV to support stable pricing for accounting purposes; EUR redemption payments are released too late in the day; GBP payments for the Sterling Government Fund are also released too late; Could the Euro Liquidity Fund cut-off be extended?" It continues, "What we've changed: From 7th July 2025, the Euro Liquidity Fund will be LVNAV, with distributing share classes priced at 1.000; From 7th July 2025, both the Sterling Government Liquidity Fund and the Euro Liquidity Fund will adopt historic pricing for distributing share classes -- enabling redemption payments as early as 9:30am Irish time, in line with our other Liquidity Funds; From 7th July 2025, the cut-off for the Euro Liquidity Fund will be extended to 1:00pm Irish time." Aviva adds, "We hope these enhancements make a meaningful difference to your operations. If you have any questions or further suggestions, we'd love to hear from you. We're committed to making our Liquidity Funds work better for you." (Note: For more information on European MMFs, ask us to see our latest MFI International publication or MFII Portfolio Holdings, or join us for our European Money Fund Symposium, which is Sept. 22-23 in Dublin, Ireland.)

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2025 2024 2023
July December December
June November November
May October October
April September September
March August August
February July July
January June June
May May
April April
March March
February February
January January
2022 2021 2020
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2019 2018 2017
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2016 2015 2014
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2013 2012 2011
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2010 2009 2008
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2007 2006
December December
November November
October October
September September
August
July
June
May
April
March
February
January