abrdn Sterling Money Market Fund abrdn Sterling Money Market Fund

abrdn Sterling Money Market Fund

A Low-Risk, High-Interest Investment Option

In today's fast-paced financial landscape, investors are increasingly seeking safe havens for their capital. Sterling Money Market Funds have emerged as a popular choice for those looking to balance low risk with generous interest rates. Read on to learn what makes the abrdn Sterling Money Market Fund an attractive option in today's market.

Low Risk

One of the primary draws of Sterling Money Market Funds is their low-risk nature. The abrdn Sterling Money Market Fund is designed to invest in short-term, highly liquid assets, typically consisting of high-quality, low-risk debt instruments. This conservative approach shields investors from the volatility often associated with equity-based investments.

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Historically High Interest Rates

At present, interest rates are at historically high levels, with the Bank of England's base rate standing at 5.25%. The abrdn Sterling Money Market Fund is closely linked to interest rates, making it particularly attractive in this environment. This correlation translates into robust returns for investors seeking stable income streams.

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Benchmarked to SONIA

The fund's performance benchmark is the Sterling Overnight Index Average (SONIA). This widely recognized interest rate benchmark reflects the average of unsecured overnight sterling transactions in the wholesale money market. Aligning with SONIA provides investors with a transparent and reliable measure of the fund's performance. SONIA currently stands at 5.19% (as at 30/01/24).

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Benefits of investing

  • Low risk - at least 80% invested in cash deposits and money market instruments. Receives the lowest risk rating of 1 (funds are risk rated from 1 to 7 where 1 is the lowest).
  • High interest - interest rates are historically high so it's a good time to invest in this type of fund.
  • Low charges - only 0.15% ongoing charge plus 0.01% transaction fee (our usual platform fees apply - see our Charges Tariff).
  • Flexible - Invest for growth or take an income (accumulation and income options available).
  • Tax-free returns for ISA investors - qualifies for ISA investment (up to £20,000 per person per tax year) for tax-free returns. Please remember that tax advantages of ISAs may be subject to future statutory change. Eligibility to invest in an ISA and the value of tax savings will depend on individual circumstances.

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Elson Associates does not offer advice as to the suitability of investments. If you are unsure whether an investment is suitable for you, you should obtain expert advice. Past performance of an investment is not necessarily a guide to its performance in the future. The value of investments or income from them may go down as well as up. You may not necessarily get back the amount you invested.

Please remember that tax advantages of ISAs may be subject to future statutory change. Eligibility to invest in an ISA and the value of tax savings will depend on individual circumstances.

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Elson Associates plc, 5 Queen Street, Kings Hill, West Malling, Kent, ME19 4DA | Freephone: 0800 0961111

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