Mandate Profile:
- Client Type: German Corporate
- Initial Investment Volume: 4300 m. EUR / 4.3 billion EUR
- Base currencies / FX exposure: The investor seeks exposure to the base currencies EUR, USD and CHF via multiple share classes denominated in different currencies.
- Investment Universe: High quality (short term) money market instruments such as, but not limited to, time deposits, certificates of deposit, commercial papers, treasury bills, repurchase agreements, reverse repurchase agreements, units or shares of short term MMF or other standard MMF.
- Currency Hedging: Hedged
- Investment Restrictions: Credit risk should be minimal, capital preservation is paramount; Daily liquidity required, settlement should be t+2 or shorter; No unhedged currency risk (FX) exposure other than EUR, USD and CHF, respectively; Maximum duration of underlying securities < 1 year, the overall portfolio duration should typically not exceed 60 days.
- Benchmark: e.g. Euro Interbank Offered Rate (Euribor®) or comparable reference rates in EUR, USD (e.g. SOFR) and CHF, respectively
- Derivatives: allowed
- Investment Style: active or passive, long-only
- Investment Vehicle: Mutual Fund (UCITS)
Deadline: Friday, August 4th, 2023 (COB)
