The Credit Suisse Target Return fund, launched on 14 April, will use a combination of fixed interest securities with an emphasis on a large holding of cash.
The fund, which will be managed by the Credit Suisse Asset Management fixed interest team rather than being headed by a single fund manager, will have the potential to be 100 per cent invested in cash.
CSAM is taking full advantage of the Ucits III regulations which are now in full effect in the UK. One of the features of the new rules is that funds can be invested 100 per cent in cash.
Howeve