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Cash
Fund Snapshot
Launch Date 01/01/1984
Fund Manager Friends First
Risk Rating Risk Rating 1
Fund Type Asset Class Cash Cash
Diversification Diversification 2
Stocks & Holdings 4
Regions Covered Regions Covered 2
Fund Size €139.9m*
Latest Bid Price €5.1868 
Price Date 20/11/2017 

Fund Performance

Performance Line Graph

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Fund Summary
This fund invests mainly in a range of Euro cash deposits with a diverse range of strongly rated banks rated A or higher and with a maturity of 6 months or less. With a focus on low volatility and liquidity this makes the fund a good temporary position whilst switching between funds in order to maximise returns from market opportunities, or if markets are unsettled. Investors should note that by investing in cash for an extended period of time, inflation may erode the real value of your returns. Therefore this fund should be considered as a short / medium term investment. Returns provided by this fund will be dependent on interest rates available in money markets.

Market Commentary
In the current low interest rate environment the higher rated banks are offering very low or in some cases negative deposit rates. Until Quantitative Easing is pared back, and until sustained consumer and economic confidence drive inflation and then interest rates upwards, higher rated banks are unlikely to pay more to hold onto deposits, and therefore the fund is likely to continue to yield a slightly negative performance over a full year. (30 Sept 2017).

Management Charge
0.75% pa of fund assets. Please refer to policy conditions for policy charges.

Cash Fund accounts held as at 30/09/2017

Bank Credit Rating
BNP Paribas A
Calyon A
Lloyds BBB+
Rabobank A+

This fund should be considered as being a short-medium term investment. Access to your investment in this fund may in periods of adverse investment conditions be restricted for up to one month. Asset Information source: BMO Global Asset Management, unless otherwise stated. Performance figures are as per 'price date'. * Fund size refers to assets under management in underlying fund.

The returns shown include the reinvestment of net income and are net of trading costs and management fees but before other insurance contract charges and as such do not represent the returns on insurance contracts linked to these funds. Details of all charges for a particular product are available on request.

The information in this document does not constitute investment advice. It does not take into account the investment objectives, financial position or needs of any particular investor. Before making an investment decision, you should consult suitably qualified and independent investment, taxation, and regulatory advisors to discuss your specific situation and investment objectives. The investment strategies and risk profiles outlined in this document may not be suitable for your specific investment needs.

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Money invested is placed with one or more Banks. The payment of interest and security of capital is therefore provided by the Banks. Please note that Friends First are not providing any guarantee on these funds.
Warning: Credit ratings change and the credit ratings of the institutions on this factsheet are updated on a quarterly basis.
Warning: If you invest in this product you may lose some or all of the money you invest.



The information provided is intended for use by retail investment customers and is based on our understanding of current law and revenue practice.
Selected Funds
Fund Description Performance


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Fund Performance

Fund Performance To Date
Fund Description Fund 1 mth YTD 1YR 3YR p.a. 5YR p.a. 10YR p.a. Launch p.a

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.

FUND WARNINGS:
  1. Performance Fees: The growth of the Insight Currency fund will be subject to a 20% monthly performance fee which only applies when the growth rate exceeds 7% p.a. The Market Neutral Equity fund will be subject to a performance fee of 10% of any growth achieved above cash returns (specifically 3-month EURIBID).
  2. The price protection on the Protected Equity+ Fund, Series 3 is provided by Deutsche Bank AG.
  3. Money invested in the Deposit fund is placed with one or more Banks. The payment of interest and security of capital is provided by the Bank(s). The Bank(s) and not Friends First are providing the security on the Deposit fund. Please refer to the Fund Factsheet.
  4. The property fund managers reserve the right to place a withdrawal limit or/and to defer encashment for up to six months or such time as is necessary to facilitate the sale of assets if required.
Fund Performance

Daily Fund Prices and Performance
Fund Name Bid Price Price Date 1Mth (%) YTD (%) 1Yr (%) 3Yrs (%) 5Yrs (%) 10Yrs (%) Since Launch (%)

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Friends First Life Assurance Company dac is regulated by the Central Bank of Ireland.
Friends First is part of Achmea