Standard Life Investments Limited (SLI), which acts as promoter and investment manager of the Standard Life Investments (Global Liquidity Funds) plc, recently conducted a review of its cash investment business in light of potential changes to the way that the money market fund industry is regulated. Following the review, it advised the Directors of the Standard Life Investments (Global Liquidity Funds) plc that it had decided to exit the constant net asset value (CNAV) funds business and to continue managing funds only on a basis where the value can vary.

As a result of this, circulars were issued by Standard Life Investments (Global Liquidity Funds) plc with a proposal which would allow shareholders in its Euro, Sterling and US Dollar Liquidity funds who wished to continue to have their funds managed on a CNAV basis, to be able to do so with Deutsche Global Liquidity Series p.l.c.

The proposal has been accepted by shareholders and the Schemes of Amalgamation between the Euro, Sterling and US Dollar Liquidity funds and the Deutsche Global Liquidity Series p.l.c. funds took effect on 1 June 2011.

On behalf of both Standard Life Investments (Global Liquidity Funds) plc and Standard Life Investments Limited, we would like to take this opportunity to thank customers of the Euro, Sterling and US Dollar Liquidity funds for your business over the years.

 
 

Standard Life Investments Limited is registered in Scotland (SC123321) at 1 George Street, Edinburgh EH2 2LL. It is authorised and regulated in the UK by the Financial Services Authority and is the Investment Manager and Marketing Agent for Standard Life Investments (Global Liquidity Funds) p.l.c.
Standard Life Investments (Global Liquidity Funds) p.l.c. is regulated by the Central Bank of Ireland and is an umbrella type open ended investment company with variable capital registered in the Republic of Ireland (no. 336496) at 25/28 North Wall Quay, International Financial Services Centre, Dublin 1, Ireland.
Directors: W Littleboy and L Kay (United Kingdom nationals), J Richards, D Shubotham, P Blessing and A Curtin.
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