About Us
TMI Liquidity Fund PLC is an "open-ended investment company" and an "authorised scheme" for the purposes of the Collective Investment Schemes Act 2008 (of the Isle of Man) and complies with the requirements of the Financial Supervision (Authorised Collective Investment Schemes) Regulations 2005 (of the Isle of Man).
The Fund is incorporated in the Isle of Man and is an 'umbrella fund' for the purposes of the regulations and currently has three sub-funds:
- TMI Sterling Liquidity Sub-Fund
- TMI US Dollar Liquidity Sub-Fund
- TMI Euro Liquidity Sub-Fund
All three sub funds have received a 'AAAf' fund credit quality rating and an 'S1+' volatility rating by Standard and Poor's; a measure of the care and attention paid to their management and to the high level of protection offered to investors.
TMI Liquidity Fund PLC currently has US$382million under management as at the end of July 2010.
LATEST NEWS
3rd September 2010
- US equities rose again supported by the results of economic reports as pending home sales and initial jobless claims surprised modestly versus consensus forecasts; the S&P 500 gained 0.9% to 1090.1, led by consumer services (+1.7%) and industrials (+1.3%); the Euro Stoxx 50 traded in a narrow range and ended flat after Wednesday’s 3.5% surge which sent the index above the 50-day moving average
- US initial jobless claims fell for a 2nd consecutive week and came in below the consensus forecast, down at 472k in the week ended 28 August versus a revised 478k in the week prior (originally 473k); the 4wk moving average fell slightly to 486k but remained elevated at a level previously seen in Dec’09;
- The UK construction PMI fell for a second consecutive month, down 2pts to 52.1 in August, the lowest since February
2nd September 2010
- Equities rallied across regions as manufacturing activity measures from the US and China rose modestly in August but surprised positively versus market expectations; the S&P 500 rose 3.0% to 1080.29 led by industrials (+3.8%) and financials (+3.7%); CDS spreads and the Vix volatility index fell sharply as liquidity returned on the first trading day of September and origination desks lined up the issuance pipeline; European equities rose early in the session and shot up further after the US ISM release; the Euro Stoxx 50 gained 3.5% in the largest daily gain since 27 May, up across all components
- US Challenger job cuts declined 54.5% from a year ago in August versus -57.2%YoY in July
- The UK manufacturing PMI fell to 54.3 in August from a downwardly revised 56.9 in July (originally 57.3), signaling the weakest pace of activity since Nov’09 (51.8) and disappointing versus the consensus forecast of 57.0
1st September 2010
- The Dow and S&P 500 gained less than 0.1% in a choppy session at the end of the month; US economic reports were mixed and the FOMC minutes put some downward pressure on equities in the afternoon session; several members noted the need to consider additional easing steps in the case that “the outlook were to weaken appreciably further”; however some members expressed caution about the decision to reinvest mortgage security proceeds into Treasuries because it could send an “inappropriate signal to investors” about the FOMC’s willingness to restart “large-scale asset purchases”
- The S&P fell 4.7% in August and was down 5.9% year-to-date; the Euro Stoxx 50 rose 0.2% on Tuesday but declined 4.4% on the month and -11.5% YTD
- US CB consumer confidence rose to 53.5 in August and July’s figure was revised up to 51.0 (originally 50.4); the better-than-expected result was on account of a stabilization in the economic outlook measure (+5pts) after July’s drop (-5.2pts)
- UK GfK consumer confidence rose 4pts to -18 in August which was the best result since April (-16); consumers judged the state of their personal finances and the general economic situation to be less unfavorable than in July and expectations improved regarding the outlook for the next 12 months
