JPMorgan Liquidity Funds - EUR Liquidity LVNAV Fund Select (acc)
ISIN LU1873128091 / Valor 43651826
JPMorgan Liquidity Funds - EUR Liquidity LVNAV Fund Select (acc)
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JPM EUR Liquidity LVNAV Fund aims to deliver a return broadly in line with prevailing money market rates, while seeking to preserve capital to the extent consistent with those rates and maintain a high level of liquidity. It does this by investing mainly in short-term euro-denominated debt securities, deposits with credit institutions and reverse repurchase agreements, rather than in equities or longer-dated bonds. The portfolio is kept very short in duration, with a weighted average maturity of no more than 60 days and individual debt securities generally limited to a remaining maturity of 397 days at purchase. Investment decisions appear to be driven by a focus on liquidity, credit quality and maturity control: the manager applies internal credit procedures, looks for securities rated at least A long-term or A-1 short-term by Standard & Poor’s or similarly rated by another agency, and may also consider unrated instruments if their credit quality is comparable. The manager also evaluates whether environmental, social and governance factors could materially affect issuers’ cash flows or risk profiles.
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