One of the Cash or Money Market holdings that we have for clients is within the Premier UK Money Market Fund. If you have a holding in this fund you may have recently received a letter advising that Premier plan to alter the objectives and scope of the fund. In essence they want to be able to use other forms of investing, which by defualt make the fund more "risky".We have selected the fund as part of a portfolio due to its low risk nature. The proportion of holdings within this fund (or those like it) will be greater for those with lower risk portfolios. I am currently reviewing the fund and will be writing to investors with holdings outlining my advice. In short there are alternative funds that do not use derivatives or gearing within this sort of fund.
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