It’s celebration time for Thomas Miller Miller Investment (Isle of Man) Limited, a member of the 128 year old Thomas Miller Group of companies.
It has announced that the TMI sterling liquidity sub-fund and the TMI US dollar liquidity sub-fund have both maintained their Standard & Poor’s (S&P) ‘AAAf’ fund credit quality rating and ‘S1+’ fund volatility rating following the annual review of the funds by S&P.
The fund’s "AAAf" rating signifies the strong protection that the fund's portfolio holdings provide against losses from credit defaults, and is the highest possible credit rating assigned by S&P.
The funds "S1+" volatility rating recognises that the fund demonstrates low sensitivity to changing market conditions, and it is the lowest possible volatility rating S&P can assign.
Carolyn Gelling, head of collective investment funds, Thomas Miller Investment said: ‘The fact that these funds have maintained top ratings and first quartile performance against a testing backdrop for cash and liquidity investments is testament to the continued work of strong investment research and a credit committee process that provides clients with a diversified and risk adjusted return profile on their investments.’
Thomas Miller Investment manages £2.6bn for insurance mutuals, charities, pension schemes, governments and private clients.
