SVB collapse

GeoffTF

GeoffTF said:

Malthusian said:

GeoffTF said:

Look at the Portfolio Statement. Your money is invested in bank bonds. In the SVB collapse, the depositors kept all their money, but the shareholders and bond holders lost all of theirs. 

Very short term money market instruments, spread across numerous banks and short term government bonds. The risk of any noticeable loss due to a bank failure should be minimal. Can you find any money market funds that have gone down noticeably after the SVB collapse?

Royal London has been much better. It had two very small one day down spikes in 2008, but that is it.

More recently, I found this:

https://markets.ft.com/data/funds/tearsheet/summary?s=GB00B3P2RZ52:GBP

There appears to have been a default in 2021, which resulted in about 1% loss for the fund.

eastcorkram

Sea_Shell said:

Markets getting a little jittery about Credit Suisse.


(Has a post been removed, or am I going mad?)

Do you mean a post about Credit Suisse? Was it your own post?

Sea_Shell

eastcorkram said:

Sea_Shell said:

Markets getting a little jittery about Credit Suisse.


(Has a post been removed, or am I going mad?)

Do you mean a post about Credit Suisse? Was it your own post?

It was a general post about the markets today.  Not me.

I saw it, but now it's gone.   User deleted?

(Goes off to check notification list)

Malthusian

GeoffTF said:

More recently, I found this:

https://markets.ft.com/data/funds/tearsheet/summary?s=GB00B3P2RZ52:GBP

There appears to have been a default in 2021, which resulted in about 1% loss for the fund.

I think that's a glitch. If you look at the FT's own historical price data for the first half of 2021, there's no sign of any sudden 1% drop - the prices move smoothly from 97.17p on January 4 2021 to 97.14p on 1 July 2021, never changing by more than a hundreth of a penny a day. There's also no sign of this drop when I plotted the same graph on Trustnet.