Smart Cash is a cash management solution that allows you to invest your money in a money market fund (MMF). Money Market Funds are low-risk, highly liquid investments that pay interest. They focus on generating steady income by investing in safe, short-term securities such as bank deposits and government securities. These funds aim to earn money while keeping your investment stable and easy to withdraw when needed. Smart Cash and money market funds are not a guaranteed investment. The value of your investment can fluctuate, and the invested capital is at risk.
The money you invest in Mintos Smart Cash is invested in the BlackRock ICS Euro Liquidity Fund, a low volatility net asset value (LVNAV) short-term money market fund (MMF). The fund is issued by Institutional Cash Series plc, an investment company authorized by the Central Bank of Ireland (reg. No. 298213). The fund is authorized and regulated as a money market fund pursuant to the regulation on money market funds (Regulation (EU) 2017/1131). Mintos Smart Cash invests specifically in the Premier Distributing share class of the fund (ISIN IE000GWTNRJ7), which maintains a stable net asset value of €1.00 per share. You can read the Key Information Document (KID) and more on the fund’s page.