How can I balance access to cash and security with yield?
Money market funds provide daily liquidity with high security of capital, while targeting market cash rates. We offer holistic cash management solutions to global clients as a core capability.
Investing in partnership
We manage significant amounts of liquidity for our parent group. This translates into a stable cash base with consistent flows, which we manage conservatively alongside third-party investors.
Delivering liquidity at scale
Our scale means we can accommodate the most significant of cash movements in our domestic markets. Our funds always operate with high liquidity, meaning we can meet major cash-flows with ease.
Committed to client experience
We provide a high quality client experience. We provide our investors with a range of educational material, thought leadership content and events. We also actively engage with regulators on fund policy for the benefit of our investors.
Managing cash through the cycle
We have decades of experience managing liquidity funds. Having navigated multiple market crises successfully, we are confident we can deliver for our clients in any market conditions.
Our range of cash management solutions
Our cash management solutions can help investors meet their risk and return objectives. Our wide range of money market funds can be an efficient tool for operating and reserve cash balances.
Figure 1: Cash management solutions

Target refers to manager's target and is not an objective of the strategy. Past performance is not a reliable indicator of future performance.
Source: Aviva Investors, as at 31 March 2024.
Not all funds are available in all jurisdictions. For information about SFDR ratings, please visit our EU Sustainable Finance Disclosure Regulation (SFDR) webpage.
Explore fund performance and key data
Find the latest prices and performance data in our fund centre via the links below. If you have any questions, please contact our distribution team.
Aviva Investors Sterling Government Liquidity Fund
A regulated government-only money market fund providing the highest level of liquidity and capital security. Suitable for operating cash needs and targeting SONIA.
Aviva Investors Sterling Liquidity Fund
A regulated money market fund providing diversified exposure to banks and other entities in a highly stable and liquid format. Suitable for operating cash needs and targeting SONIA.
Aviva Investors Euro Liquidity Fund
A regulated money market fund providing diversified exposure to banks and other entities in a highly stable and liquid format. Suitable for operating cash needs and targeting €STR.
Aviva Investors US Dollar Liquidity Fund
A regulated money market fund providing diversified exposure to banks and other entities in a highly stable and liquid format. Suitable for operating cash needs and targeting SOFR.
Aviva Investors Sterling Standard Liquidity Fund
A regulated money market fund with modestly higher duration than our other money market funds and with an incrementally higher yield. Suitable for reserve cash needs and internally targeting SONIA + 0.1%.
Aviva Investors Sterling Liquidity Plus Fund
An ultra-short duration bond fund providing low volatility investment returns while maintaining liquidity. Suitable for reserve cash and internally targeting SONIA + 0.5%.
Understanding money market funds
Testing the water: The regulatory outlook for liquidity funds
The Financial Conduct Authority has proposed material changes to money market funds. We look into the implications for investors.

Rates, regulation and the dash for cash: The outlook for liquidity investors in 2024
Rates at decade highs. A “likely” recession which refuses to materialise. The next 12 months presents liquidity investors with something of a conundrum.


Cash management solutions: Brochure
A range of pooled and bespoke investment solutions designed to meet your liquidity management needs.
Liquidity insights
Investment thinking that brings together the collective insight of Aviva Investors’ teams from across the globe on the key themes influencing markets.
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Bond Voyage: A journey into fixed income
10 Mar 2025
This month, our fixed income teams discuss the boom in hybrid issuance and weigh up the risks and opportunities of potential tariffs, interest rate moves and fiscal dynamics.
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Bond Voyage: A journey into fixed income
10 Feb 2025
As we negotiate an uncertain landscape, our fixed income teams reflect on potential sources of resilience.
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The cash conundrum: Five things to know about cash, saving and investing
7 Feb 2025
In this article, we explore the logic behind holding assets in cash, the difference between saving and investment, and why a longer-term focus may help investors achieve their objectives.
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Liquidity outlook for 2025: Credit, yield, regulation, positioning – what to expect for the year ahead
22 Jan 2025
The conditions for investing in liquidity look broadly favourable for 2025, but that’s not to say it will be plain sailing.
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Bond Voyage: A journey into fixed income
13 Jan 2025
With a new US president poised to take office, central banks diverging and ongoing political uncertainty, how are the key fixed income asset classes positioned for the year ahead?
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The case for ReturnPlus: A capital efficient enhanced liquidity strategy
29 Nov 2024
The ReturnPlus strategy invests in a broad range of liquidity sub-asset classes, while consuming limited regulatory capital. Our ReturnPlus team explains why investors should consider an allocation to the strategy.
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US election 2024: Some initial thoughts from our fund managers
6 Nov 2024
Aviva Investors fund managers Edward Hutchings, Liam Spillane and Max Burns offer their initial thoughts on what the US election means for financial markets.
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Bond Voyage: A journey into fixed income
4 Nov 2024
This month, our fixed-income investment teams discuss US elections, IMF meetings, US versus European high yield, managing declining rates for cash, and what the future might hold in store for gilts.
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An ABS renaissance? Why it may be time for insurers to reconsider asset-backed securities
2 Sep 2024
Securitisation performs a vital role in capital markets and asset-backed securities have historically been a core holding for insurance companies. This article revisits the investment thesis for ABS and explores why the stage may be set for something of a renaissance.
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Liquidity optimisation for insurers: Building a bespoke portfolio solution
9 Jul 2024
In the third part of our liquidity optimisation series, we look at how bespoke liquidity portfolios that take into account the interplay between different assets can suit the needs of insurers.
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Finding the right blend: Optimising asset allocation in liquidity pools
5 Jul 2024
In the second part of our new article series on liquidity optimisation, Alastair Sewell investigates how investors can find the right mix of assets for their liquidity pools.
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A bigger splash: How much liquidity do I need?
1 Jul 2024
The importance of holding liquidity is well understood by large institutions. But how much is enough? In the first part of our new article series on liquidity optimisation, Alastair Sewell investigates the key considerations for different investor types.
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Testing the water: The regulatory outlook for liquidity funds
4 Apr 2024
The Financial Conduct Authority has proposed material changes to money market funds. We look into the implications for investors.
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Rates, regulation and the dash for cash: The outlook for liquidity investors in 2024
10 Jan 2024
Alastair Sewell answers the seven key questions on the minds of liquidity investors heading into 2024.
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Three, two, one…Cash returns set for lift-off
7 Sep 2023
With interest rates set to remain higher for longer and inflation gradually falling, money market funds can offer investors a way to access positive real yields on cash, says Alastair Sewell.
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Better late than never: European Commission constructive on money market funds
23 Aug 2023
After the European Commission released its long-awaited assessment report on European money market fund regulation, Alastair Sewell discusses the main implications for investors.
House View
No one can predict the future. But our quarterly House View sets out the collective wisdom of our investment teams on the current state of global markets – and where they might be heading.

Key risks
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
Money market risk
These strategies invest in money market instruments such as short term bank debt, the market prices/value of which can rise as well as fall on a daily basis. Their values are affected by changes in interest rates, inflation and any decline in creditworthiness of the issuer. This is not a guaranteed investment, an investment in a Money Market Fund is different from an investment in deposits and can fluctuate in price meaning you may not get back the original amount you invested. This investment does not rely on external support for guaranteeing liquidity or stabilising the NAV per unit or share. The risk of loss of the principal is to be borne by the investor.
Investment risk and currency risk
The value and income from an investment can go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.
Dedicated distribution team
Meet our dedicated liquidity distribution team.

Tony Callcott
Global Head of Liquidity Client Solutions

Beth Jones
Senior Sales Director, Liquidity – Global Financial Institutions

Scott Playle
Senior Sales Director, Liquidity - Global Corporates

Tarek Smili
Sales Director, Liquidity - EU Corporates

Ryan Kemp
Business Development Associate
Explore other liquidity solutions
Liquidity
Our fully developed suite of liquidity products can help investors meet various risk and return objectives as part of operational, core and strategic cash holdings.
Liquidity optimisation
Our liquidity optimisation funds and bespoke mandates provide diversified fixed-income exposure while consuming limited regulatory capital.
Note for UK Investors in relation to the Sterling Liquidity Plus Fund : This Fund is domiciled in Ireland and is authorised by the Central Bank of Ireland. The Fund is recognised in the UK under the Overseas Funds Regime but is not a UK-authorised Fund and therefore is not subject to UK sustainable investment labelling disclosure requirements. UK investors should be aware that they can make a complaint about the fund, its management company, or its depositary. However, complaints may not be eligible for resolution by the UK’s Financial Ombudsman Service and any claims for losses related to the management company or depositary will not be covered by the Financial Services Compensation Scheme (FSCS). UK investors should consider seeking their own financial advice before making any decisions to invest and refer to the scheme prospectus for further information.