Bestinvest Logo
Learning
fund

Back to result

BLACKROCK CASH A

Bestinvest LogoThis is a high quality cash fund, with an aim to produce a return whilst ensuring the preservation of capital.

PRICE (INC)

101.8083p

PRICE (ACC)

250.5794p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.5%

ONGOING CHARGE

0.4%

YIELD

3.4%

1 YEAR
4.02%
Invest Now

Prices as at 30 Nov 2023.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The aim of the Fund is to provide a rate of interest (i.e. a return) (gross of fees) for unitholders, consistent with preservation of principal (capital) and liquidity. In seeking to achieve its investment objective, the Fund will invest in cash and money-market instruments (i.e. debt securities with short-term maturities) and up to 10% in units in collective investment schemes (i.e. other investment funds which may be Associated Funds). These types of investments may be issued by both UK and non-UK issuers, but shall be denominated in Sterling. The Fund will be actively managed. The Fund is not recommended for investors seeking long-term capital growth (i.e. a return on investor's investment (generated through an increase in the value of the assets held by the Fund) over the long term (5 or more consecutive years beginning at the point of investment).

Fund summary

SectorShort Term Money Market
StructureUNIT TRUST
LaunchedMarch 1990
Size£1,052m
Yield3.4%
Dividends paid15 Feb, 15 May, 15 Aug, 15 Nov

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.5%
Ongoing Charges Figure0.4%

Investment Process

The investment decisions are based on careful analysis of credit, interest rate trends and relative value opportunities. The investment strategy builds on macroeconomic themes such as central bank policies, market behaviour and inflation and then applies these to available short term money market instruments. Blackrock's credit team is made up of 45 analysts who focus is on fundamental analysis of the underlying issuer’s credit worthiness and valuations of a variety of companies within different sector/countries. A list of approved securities is then compiled by Blackrock's Cash and Securities Lending credit committee from which the fund manager, Stuart Niman, and his team can construct the fund. It invests in certificates of deposits, floating rate notes, time deposits and commercial paper. The fund is constrained to investing at least half of the portfolio in the highest credit rated instruments that have a short term rating of A1+ and remainder in A1. LIBID is the interest rate at which banks bid to borrow money off other banks. In reality this rate is set marginally below LIBOR which is the average interbank lending rate.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning