New Ireland Cash

Cash S5 invests in the State Street EUR Liquidity Fund. In practical terms, that means it is a cash-oriented fund designed to keep money in very short-term, highly liquid investments rather than in shares or long-term bonds. Cash S5 is managed actively and is intended to provide a return in line with short-term deposit rates before charges are deducted.

Cash S5 may suit investors looking for a very low risk way to hold money in a cash-style fund. The fund is described as having a medium to long-term recommended investment horizon of at least 5 to 7 years, so it is designed for investors who can leave money invested rather than needing immediate access. Cash S5 aims to track short-term deposit rates before charges, which may appeal to investors seeking a conservative return profile.

Cash S5 is a fund, not a bank deposit, and it invests through the State Street EUR Liquidity Fund rather than being held in a savings account. Its aim is to generate a return in line with short-term deposit rates before charges, so its behaviour is linked to money-market conditions. Because it is still an investment fund, its value can move, even though Cash S5 is classified as very low risk.

The main risk highlighted for Cash S5 is sustainability risk. This means an investment could be affected by environmental, social, or governance issues linked to the companies or assets it holds, which may influence returns. Even though Cash S5 is considered very low risk overall, investors should be aware that these non-financial factors can still matter.