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Vanguard launches money market fund


Vanguard has launched the Vanguard Sterling Short-Term Money Market Fund which is Managed by a team of specialist fund managers in Vanguard’s Fixed Income Group.

The UK-domiciled fund aims to provide capital stability and maintain high levels of liquidity, while generating a higher return than cash over the long term.

Matthew Piro, Head of Product, Europe, Vanguard, says: “The Vanguard Short-Term Money Market Fund is focused on short-dated and high quality investments to provide capital stability, high credit quality, liquidity, and to minimise risk. This can, potentially, make it a good place to invest cash with short-term requirements; whether that’s managing income, purchasing a car, or paying out a deposit.

“Whatever your reason, the new Vanguard Sterling Short-Term Money Market Fund could be the ideal low-risk vehicle for parking your money.”

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