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Ancoria Money Market Funds

30/10/2023

Ancoria Money Market Funds

Following a decade of ultra-low interest rate and abundant monetary support by the Central Banks worldwide, specific events fuelled record-high inflation across the globe. The pandemic and the war in Ukraine caused a severe increase of the price level, hurting spending and disposable income. As a response, central banks started an intense tightening monetary policy to combat inflation.Consequently, capital markets adjusted to the inflationary environment and to the increased interest rates. Deposit interest rates as well as the yields in fixed income instruments jumped to historically high levels, following a tranquil decade of zero or negative rates. Ancoria Insurance offers funds that invest exclusively in Cash & Cash Equivalents and more specifically, in Money Market Funds. The funds are offered in Euro (€), Swedish Krona (kr), British Pound (£) and US dollar ($).  The investment in these funds requires no minimum amounts and no lock-up periods. Finally, the funds are valued daily, allowing the investors to buy and sell units on a daily basis.

Performance

Q3 2023

Year-to-date

Money Market Fund EUR

0.78%

2.01%

Money Market Fund SEK

0.91%

2.48%

Money Market Fund GBP

1.06%

2.97%

Money Market Fund USD

1.24%

3.77%

 

 

 

All performance figures are net of fees and not annualized. The quarterly data refers to the period 30/06/2023 – 29/09/2023 and the year-to-date figures are presented as at 19/10/2023. Past performance is not a reliable indicator or guarantee of future performance. Money Market funds present a risk of capital loss. The value of your investment may fluctuate. Investing in money market funds is unlike investing in bank deposits. Policyholders whose base currency is different to the currency of the Fund will be subject to currency risk.



The project was submitted under the Digital Transformation for Business Program and is co-funded by the European Regional Development Fund and the Republic of Cyprus.