TMI US Dollar & Sterling Liquidity Funds Maintain Top Standard & Poor's Ratings
Thomas Miller Investment (Isle of Man) Limited, a member of the 128 year old Thomas Miller Group of companies, announce that the TMI Sterling Liquidity Sub-Fund and the TMI US Dollar Liquidity Sub-Fund have both maintained their Standard & Poor's (S&P) 'AAAf' fund credit quality rating and 'S1+' fund volatility rating following the annual review of the funds by S&P.
The funds "AAAf" rating signifies the strong protection that the fund's portfolio holdings provide against losses from credit defaults, and is the highest possible credit rating assigned by S&P. The funds "S1+" volatility rating recognises that the fund demonstrates low sensitivity to changing market conditions, and it is the lowest possible volatility rating S&P can assign.
Carolyn Gelling, Head of Collective Investment Funds, Thomas Miller Investment says:
"The fact that these funds have maintained top ratings and first quartile performance against a testing backdrop for cash and liquidity investments is testament to the continued work of strong investment research and a credit committee process that provides clients with a diversified and risk adjusted return profile on their investments."
Thomas Miller Investment manages £2.6bn for insurance mutuals, charities, pension schemes, governments and private clients.
Tags
You may also be interested in:
Thomas Miller Investment (TMI) has announced that it is to appoint David Smith as its new Chief Executive, subject to regulatory approval.
Thomas Miller intends to appoint Hugh Titcomb as its new Chief Executive, subject to shareholder approval, replacing Bruce Kesterton
Thomas Miller announced the strengthening of its senior management team with the promotion of Fiona Cowie to Group COO and Vanessa Luty to Group HR Director.
Thomas Miller appointed as manager of three established discretionary mutuals, Fire & Rescue Indemnity Company (FRIC), Livery Companies’ Mutual (LCM) and AIM.