Bank of Ireland Life Cash

Cash (Series 3) invests in the State Street EUR Liquidity Fund, which is managed by State Street Investment Management. The fund is designed to provide cash-like exposure rather than investing in shares or bonds directly. Its objective is to generate a return in line with short-term deposit rates before charges are deducted.

Cash (Series 3) may suit investors looking for a very low risk option with a cash-focused objective. The fund is described as having a medium to long-term recommended investment horizon of at least 5-7 years. It may be used by investors who want a portfolio holding focused on liquidity and short-term rate tracking.

Cash (Series 3) is distinctive because it invests through the State Street EUR Liquidity Fund rather than holding a broad mix of assets. It is actively managed and aims to match short-term deposit rate movements before charges. That means the fund’s return target is linked to cash market conditions rather than to growth in equities or longer-term bonds.

The main stated risk for Cash (Series 3) is sustainability risk. This means environmental, social, or governance issues could affect the investment’s value or how it is managed. Even though the fund is classified as very low risk, its return can still vary and it may not always keep pace with changes in deposit rates.