Invesco Global Liquidity

As a specialist in liquidity management, Invesco is committed to providing the very highest quality Short-Term Money Market Funds to its clients. With a dedicated team, its sole business focus is to manage its funds and support its clients.

As a founding member of the  Institutional Money Market Fund Association (IMMFA) in the UK, Invesco actively supports the organisation’s work to promote the recognition of Short-Term Money Market Funds and to maintain high standards within the industry through the IMMFA Code of Practice.

Invesco Global Liquidity has evolved a very disciplined investment process over the years. This has been an essential part of ensuring the preservation of principal value of our clients' cash. At the centre of this is Invesco Global Liquidity's conservative philosophy and strong belief that credit should be managed separately from that of achieving performance.

Invesco Global Liquidity's in-house credit department researches, analyses, approves and continually monitors an Approved Credit list which feeds into the dedicated portfolio teams in both the UK and US which use it to maximise the yield and manage the liquidity of the funds.

Recognising that ease of access is essential; Invesco has established relationships with numerous banks, treasury systems, electronic trading platforms and money brokers to provide clients with an efficient and seamless interface with the funds. This can facilitate clients incorporating the funds into their treasury administration.

Invesco Liquidity Funds Plc is Invesco's range of Irish-Domiciled short-term Low Volatility Net Asset Value Money Market Funds - "LVNAV".

The Invesco Liquidity Funds Plc provide an alternative same-day settlement investment for short-term liquidity requirements. The primary objective of the portfolios is preservation of principal, followed by liquidity and then yield.

Typical investors include corporate treasurers, local government and institutional investors with large cash balances requiring diversification of risk, continuous credit management, immediate liquidity and a daily yield comparable with overnight bank rates.

It comprises three Portfolios: the Invesco US Dollar, Invesco Sterling and Invesco Euro Liquidity Portfolios, which were launched in 1995, 1997 and 1999 respectively. All of Invesco Liquidity Funds Plc carry a triple-A rating¹ from at least one of the Nationally Recognised Statistical Rating Organisations and transact at a constant net asset value of $1, £1 or €1 per share subject to the provisions of a Short-Term Low Volatility Net Asset Value Money Market Fund.

Invesco Liquidity Funds Plc is structured as an open-ended investment company. It is authorised as a UCITS under European legislation and regulated by the Central Bank of Ireland.

The Invesco Liquidity Funds Plc Portfolios seek to preserve principal by managing each Portfolio with stringent credit, investment and operational guidelines.

• All of the Invesco Liquidity Funds Plc Portfolios have one or more triple-A credit rating¹ from either Standard & Poor's, Moody's or Fitch Ratings.
• Subject to the provisions of a Short-Term Low Volatility Net Asset Value Money Market Fund, the Portfolios are transacted at a constant net asset value (CNAV) of $1, £1 or €1 per share.
  
• An in-house credit department researches and analyses all issuers to establish their suitability, then monitors them to ensure they maintain their credit status
• Systems are in place to ensure that no credits are purchased without compliance to the legal, regulatory and company self-imposed investment restrictions
• The custody of the assets within the funds are separated from the asset management and undertaken by BNY Mellon Trust company (Ireland) Limited.

Invesco Global Liquidity offers easy to access and administer Portfolios.

• The Portfolios are open daily and have some of the latest same-day settlement times:
  • 2:00 p.m. UK time for the Invesco Sterling Liquidity Portfolio
  • 2:30 p.m. CET for the Invesco Euro Liquidity Portfolio
  • 4:00 p.m. ET for the Invesco US Dollar Liquidity Portfolio
• An account can be opened with a minimum of £1,000,000 for sterling, €1,000,000 for euros and $1,000,000 for US dollars. Thereafter, there are no further dealing restrictions on frequency or size of transaction or retained balances.
• There are also no limitations on how often transactions can be placed. A minimum of 30% of each Portfolio is held in weekly maturing investments to satisfy liquidity requirements.
• Administration is simple and once the account is opened, instructions need only be given directly by phone, fax, Swift, the transfer agents online transaction platform TA Online or through a number of third-party transaction platforms.

The Invesco Liquidity Funds Plc Portfolios pay a rate comparable to the overnight market rate through strategic investment in both overnight and longer-term money market instruments.

• At the end of the day, a rate is declared for each Portfolio. The rate achieved for the day is paid without any tiering and irrespective of account balances
• Accumulating and distributing classes are available in each of the Sterling, Euro and US Dollar Portfolios

For the Distributing shares:

• The resulting income is accrued daily and paid as a dividend at the end of each month. This can be either distributed in cash or automatically reinvested in the relevant Portfolio for the equivalent additional shares
• The dividend is paid net of fees without any Irish withholding tax, with the exception of chargeable Irish investors

For Accumulating shares

• income is rolled into the daily price
• no dividends are paid

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future

It's easy to open an account in the Invesco Liquidity Funds Plc Portfolios.

There is no obligation to fund the account immediately, nor any contractual requirement to use it or keep a minimum balance. Multiple accounts can be opened and individually designated to provide a segregated yet pooled cash investment arrangement.

Simply complete an application form and return it to our transfer agency team along with any necessary identifying documentation. Contact us or your relationship manager to acquire an account application.

Once account details are confirmed, investment and withdrawal instructions can be placed by phone, fax, Swift, the transfer agent’s online transaction platform, TA Online, or through a number of third-party transaction platforms without restriction, other than the minimum initial investment.

For investments, clients need to arrange the cash transfer. For withdrawals, the cash will automatically be returned to the client's predesignated bank account.

Every trade is confirmed by post, email or fax. At the end of each month, a statement is issued detailing all transactions and the final dividend payment for the month.