Bank of Ireland Life Cash

Cash (Series 2) invests in the State Street EUR Liquidity Fund. The fund is designed to hold cash-like, very low-risk assets rather than equities or longer-term bonds. It is used by investors seeking a cash exposure with returns that aim to track short-term deposit rates before charges are deducted.

Cash (Series 2) aims to generate a return in line with short-term deposit rates before charges are deducted. In plain language, that means it is trying to behave more like a cash deposit than a growth fund, with returns linked to short-term interest rates. Because it is a cash strategy, the expected return is typically lower than for higher-risk investment funds.

Cash (Series 2) may suit investors who want very low-risk exposure and are looking for a cash-like holding within a portfolio. The fund’s stated risk level is Very Low Risk, and its SRI rating is 1. It is generally aimed at investors who prioritise capital stability over higher growth potential.

The main risk highlighted for Cash (Series 2) is sustainability risk. This means environmental, social or governance issues could affect the way the underlying investments are selected or perform. As with any cash fund, returns may also be lower than inflation at times, which can reduce what the money can buy over time.

Cash (Series 2) is distinct because it invests specifically in the State Street EUR Liquidity Fund managed by State Street Investment Management. It is an active fund rather than a passive holding, and it targets returns in line with short-term deposit rates. That makes it a specialist cash solution rather than a broad multi-asset fund.