Our approach
We offer a range of pooled funds and bespoke solutions that provides investors with an off-balance sheet alternative to traditional short-term bank investments. Our solutions offer a way of diversifying across a wide range of high-quality instruments and issuers, while at the same time enhancing yield opportunities.
Although security of capital is always our primary concern, our active, diversified approach aims to maximise yield and deliver investors their required levels of liquidity.
Currently we manage over £56 billion for our liquidity clients (including our parent - Aviva plc - which gives us strong pedigree and experience in managing cash and fixed income investments).*
*Source: Aviva Investors, as at 31 March 2020. The figure refers to Liquidity funds in the UK and France.
As a member since 2018, our Sterling Liquidity Fund, Sterling Government Liquidity Fund and EUR Liquidity Fund are all IMMFA Funds. Get familiar with the advantages here: www.immfa.org
The benefits of segregated mandates when creating liquidity solutions
No two companies are the same when it comes to their cashflow and asset and liability matching needs. Those wanting a more customisable experience and full control over how they manage liquidity may find significant benefits from a segregated mandate.
Benefits
Our approach to capital preservation, yield and client service are what set us apart.
Where can investors put cash to work when rates go negative?
Just when investors thought they couldn’t sink any lower, the economic shock caused by COVID-19 has put further downward pressure on interest rates in developed markets.
Key risks
The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.
These funds invest in money market instruments such as short term bank debt, the market prices/value of which can rise as well as fall on a daily basis. Their values are affected by changes in interest rates, inflation and any decline in creditworthiness of the issuer.
These are not guaranteed investments, an investment in a Money Market Fund is different from an investment in deposits and can fluctuate in price meaning you may not get back the original amount you invested. These investments do not rely on external support for guaranteeing liquidity or stabilising the NAV per unit or share. The risk of loss of the principal is to be borne by the investor.
Liquidity strategies
Our interactive fund centre is live
Explore our Liquidity funds, analyse performance data and access key investor information using our interactive fund centre.
Latest thinking
Covid-19
Flattening the credit curve: A closer look at short-dated assets
28 May 2020
There are few areas of life that COVID-19 hasn’t impacted and credit markets are no exception. Mhammed Belfaida explains how the flattening of credit curves has revealed a surprising anomaly.
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Liquidity
ESG: long-term thinking can add value to short-term investments
1 May 2020
While ‘ESG’ was becoming a buzzword in long-term holdings, environmental, social and governance (ESG) factors remained largely irrelevant for short-term investments such as liquidity. Yet as the concept has gained familiarity, investors have realised ESG factors can impact performance in the short as well as the long run.
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Liquidity
Reasons to be cheerful: matching enhanced returns with liquidity and security
24 Mar 2020
In today’s ‘lower for longer’ interest rate environment, building a cash strategy that can offer investors an enhanced return, capital preservation and liquidity seems like an extraordinary challenge. Caroline Hedges, Global Head of Liquidity Portfolio Management, and Tony Callcott, Head of Pan-European Liquidity Client Solutions, have good news.
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Liquidity
Collateral damage? Could a property crash derail the RMBS market?
9 Oct 2018
In the first of a series of articles, we assess how vulnerable securities backed by residential mortgages secured on owner-occupied homes are to a downturn in the UK housing market.
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Liquidity
Aviva Investors EU money market fund reform
14 Jun 2017
Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds.
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Liquidity team
Tony Callcott
Global Head of Liquidity Client Solutions
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Beth Jones
Client Solutions Manager, Liquidity
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Scott Playle
Client Solutions Manager, Liquidity
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Julian Webb
Client Solutions Manager, Liquidity
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Sandrine Godere
Client Solutions Manager, Liquidity
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Caroline Hedges
Global Head of Liquidity Portfolio Management
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Richard Hallett
Head of UK Liquidity Portfolio Management
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Demi Angelaki
Senior Portfolio Manager
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Sophie Labigne
Liquidity Fund Manager
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Mhammed Belfaida
Portfolio Manager
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Need more information?
For further information, please contact our investment sales team.
Read more about the funds
Daily yields
- PDF 59.1 KB 1 page
Aviva Investors Sterling Government Liquidity Fund
- PDF 58.8 KB 1 page
Aviva Investors Sterling Liquidity Fund
- PDF 57.6 KB 1 page
Aviva Investors Sterling Liquidity Plus Fund
- PDF 58.7 KB 1 page
Aviva Investors Euro Liquidity Fund
- PDF 57.8 KB 1 page
Aviva Investors US Dollar Liquidity Fund
Fund documents
- PDF 723.9 KB 149 pages
Aviva Investors Liquidity Funds Prospectus - 15 June 2020
- PDF 95.3 KB 1 page
Prospectus addendum 15 June 2020
- PDF 149.0 KB 6 pages
Aviva Investors Liquidity Funds - Remuneration Policy
- PDF 248.2 KB 107 pages
Aviva Investors Liquidity Funds – Memorandum and Articles of Association
- PDF 2.0 MB 88 pages
Aviva Investors liquidity Funds - Annual Report and Financial Statements - 31 March 2020
- PDF 438.7 KB 48 pages
Aviva Investors Liquidity Funds – Semi-Annual Report and Unaudited Financial Statements – 30 September 2019
- PDF 2.2 MB 14 pages
Aviva Investors Liquidity Application Form
- PDF 99.3 KB 1 page
Aviva Investors Liquidity Funds - Statement of Excess Reportable Income - 31 March 2019
Weekly portfolio holdings reports
- PDF 62.2 KB 1 page
Aviva Investors Sterling Government Liquidity Fund
- PDF 159.1 KB 4 pages
Aviva Investors Sterling Liquidity Fund
- PDF 92.8 KB 2 pages
Aviva Investors Sterling Liquidity Plus Fund
- PDF 264.0 KB 3 pages
Aviva Investors Euro Liquidity Fund
- PDF 143.8 KB 3 pages
Aviva Investors US Dollar Liquidity Fund
Supporting literature
- PDF 168.8 KB 5 pages
What happens if GBP goes Negative?
- PDF 62.4 KB 1 page
Aviva Investors Liquidity Fund- Fund Range
- PDF 826.1 KB 4 pages
Aviva Investors Liquidity Solutions Brochure
- PDF 772.1 KB 4 pages
Aviva Investors- EU Money Market Fund Reform
- PDF 112.8 KB 1 page
Aviva Investors Liquidity Funds- Sterling & Euro Fund Holidays
- PDF 188.1 KB 1 page
Aviva Investors Liquidity Funds - US Dollar Fund Holidays
- PDF 111.6 KB 2 pages
Aviva Investors Liquidity Funds Country Registration
Fixed income views
Emerging market debt: A path less volatile
17 Sep 2020
After one of the most volatile periods on record, hard currency emerging market debt is once again drawing investor interest, thanks to attractive yields and its diversification potential. But while markets recovered quickly from the volatility, investors should remain cautious for the challenges ahead.
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The new rules of client engagement
18 Aug 2020
As the coronavirus pandemic reshapes our working lives, asset managers must find new ways to interact with their clients, says Apiramy Jeyarajah.
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Electric avenue: EVs and the transformation of autos
13 Aug 2020
In the latest instalment of our editorial series, Link, experts from our infrastructure, credit research and equity teams discuss why efforts to ‘build back better’ as economies recover from COVID-19 could further accelerate investment in electric vehicles and associated infrastructure.
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Education, entrepreneurship and biological age: An interview with Andrew Scott
6 Aug 2020
In part two of our interview with Professor Andrew Scott from London Business School, we look at how policy will shift to take account of people living for longer and how service providers will respond.
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Longevity, policy and technology: An interview with Andrew Scott
6 Aug 2020
Living longer brings enormous opportunities to reshape how we spend our time. But in the first of a two-part interview, Andrew Scott from London Business School explains how advances in longevity and technology have not been matched by innovation in social structures or our approach to financial planning.
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Reality bites: Retailing in a health crisis
5 Aug 2020
In the latest instalment of our editorial series, Link, experts from Aviva Investors’ credit, equities and real asset teams discuss the consequences of COVID-19 on the retail sector and their implications for investors.
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Where can investors put cash to work when rates go negative?
30 Jul 2020
Just when investors thought they couldn’t sink any lower, the economic shock caused by COVID-19 has put further downward pressure on interest rates in developed markets. Caroline Hedges, head of global liquidity portfolio management at Aviva Investors, looks at the impact on money market funds.
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Resilience in credit: All calm for now, but big tests lie in store
17 Jul 2020
For credit investors, resilience is about taking appropriate levels of risk, understanding market dynamics, and identifying companies best prepared for the future. All these qualities could be tested given the wide range of possible outcomes as the world begins to recover from COVID-19.
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Health first: Finding resilience in pharmaceuticals
2 Jul 2020
COVID-19 has led to a new appreciation of the importance of healthcare in ensuring all members of society thrive. So where should investors be looking to find resilience in an industry facing enormous change?
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What do rising US-China tensions mean for global markets?
24 Jun 2020
In the latest instalment of our editorial series, Link, Aviva Investors experts discuss the prospects for financial markets and the world economy in the face of escalating hostilities between the US and China.
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Defined Benefit pensions de-risking: A covenant and investment view
23 Jun 2020
In the midst of the COVID-19 shock, Felix Mantz from Lincoln Pensions and Joachim Sudre from Aviva Investors explore how defined benefit pension schemes should plan their journey towards an end game and adopt a more holistic approach to risk.
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COVID-19: Will credit markets remain open for business?
1 May 2020
While concerns around credit market liquidity have been rising since the global financial crisis, the COVID-19 sell-off has highlighted how fragile liquidity can be during periods of real stress. Colin Purdie discusses the short- and long-term implications for investment grade and high yield credit globally.
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The impact of COVID-19 on global high yield
20 Apr 2020
As an increasing number of companies battle the economic consequences of COVID-19, their ability to service bond payments is coming under intense scrutiny. In this Q&A, Sunita Kara considers whether current high-yield valuations adequately compensate investors for default risk and looks at the broader implications of the pandemic.
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Re-enter the dragon: What China’s recovery from COVID-19 means for emerging markets
7 Apr 2020
As China gradually emerges from lockdown, emerging market debt and equity investors are trying to gauge the impact of the coronavirus pandemic on its economy – and the knock-on effects for other emerging markets.
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COVID-19 and a brief history of emerging market debt drawdowns
2 Apr 2020
The scale and speed of COVID-19’s impact on global financial markets has caused emerging market debt returns to decline at a pace not seen since the global financial crisis. However, history suggests the recovery of the asset class may also turn out to be quick.
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The impact of COVID-19 on private debt
30 Mar 2020
As COVID-19 sweeps across the world, a contraction in global growth is causing an adverse short-term reaction to the economy and financial markets. While the extent of contagion from public markets to private debt remains unclear, transactions with strong downside protection should remain more resilient through the crisis, explains Nikhil Chandra.
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This investment does not rely on external support for guaranteeing liquidity or stabilising the NAV per unit or share.