abrdn Sterling Money Market Fund A Acc
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General Objective
The fund aims to generate income and preserve some capital over the short term (2 years or less) by investing in cash deposits and money market instruments. The fund targets a return equivalent to SONIA, which is the Sterling Overnight Index Average and is the representative rate for the return on cash deposits.
Fund Exposure
The fund invests at least 80% in cash deposits and money market instruments, with the possibility of investing in reverse repos, securitisations, asset-backed commercial paper, and other funds managed by abrdn. The management team actively maintains a diverse asset mix at country, sector, and company level in line with the MMF Regulation.
Risks
Investors should be aware that the fund may not be appropriate for those planning to withdraw their money within two years. It is important for investors to align their attitude to risk with the risk profile of the fund before investing, as there is no certainty or promise that the Performance Target will be achieved.