Standard Life money market fund

Standard Life Investments has launched a money market fund that invests in both fixed and floating rate products, available to HNWI. The Liquidity Plus money market fund has a benchmark of three month Libor plus 15 basis points. Kevin Thompson, managing director of money market funds at Standard Life Investments, said: "The majority of the portfolio will be invested in floating rate products such as mortgage- backed securities as the yield curve has priced in further interest rate rises for next year." It is expected a euro and dollar version will be launched next year. Minimum in...