Gresham House Euro Liquidity Fund
An active fund which is primarily invested in short-dated government debt but may also invest in cash deposits, corporate debt and Floating-Rate Notes (FRNs).
It invests across a spread of instruments and institutions to diversify risk. This generates an appropriate level of return, to include income, achieving a low level of volatility and preserving capital over the long-term.
This weighting could involve an increase in the short-term volatility profile of the Fund.
A disciplined investment process complements our strong investment philosophy. Investors in the Gresham House Euro Liquidity Fund can benefit from:
- Income generated from low-risk investments in financial instruments such as cash deposits, short-dated Government and Corporate bonds and Floating Rate Notes
- The objectives of capital preservation and the reduction of investment risk via appropriate credit analysis and diversification of deposit taking institution and debt issuers
- From an actively managed portfolio of suitable maturing assets that allows the investors access to their capital at short notice
Key documents
- Quarterly report – Q2 2026
- Annual Report 30 September 2025
- Gresham House Ireland Fund Range Brochure
- Gresham House Unit Trust Prospectus
- Supplement Prospectus – Gresham House Euro Liquidity Fund
- Intermediary Application
- Entity Investor via Intermediary Application
- Individual Investor via Intermediary Application
- Factsheet – October 2026
How to invest
Prospective investors can access information about how to invest in our products by contacting below:
Ian Naughton
Head of Client Relationship Management
+353 85 881 1758
i.naughton@greshamhouse.ie
Kenny Downes
Client Relationship Manager
+353 85 803 1810
k.downes@greshamhouse.ie
Fund performance
Past performance is not a guide to future performance. Capital at risk.
Fund return
| Period | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund return* | 0.99% | 1.54% | 2.69% | 1.28% | -1.74% | -1.46% | -0.63% | -1.13% | -0.82% | -0.42% | -0.21% | -0.04% | -0.13% | -0.09% |
Close of business mid-market prices
| Close of business mid-market prices | Deal Date | Dealing Price € |
|---|---|---|
| 31/10/2026 | 01/11/2026 | 106.4185 |
| 30/09/2026 | 01/10/2026 | 106.1529 |
| 31/08/2026 | 01/09/2026 | 106.1686 |
| 31/07/2026 | 01/08/2026 | 106.0208 |
| 30/06/2026 | 01/07/2026 | 105.9683 |
| 31/05/2026 | 01/06/2026 | 105.8158 |
| 30/04/2026 | 01/05/2026 | 105.5546 |
| 31/03/2026 | 01/04/2026 | 105.4374 |
| 28/02/2026 | 01/03/2026 | 105.6870 |
| 31/01/2026 | 01/02/2026 | 105.5411 |
| 31/12/2025 | 01/01/2026 | 105.3802 |
| 30/11/2025 | 01/12/2025 | 105.2520 |
| 31/10/2025 | 01/11/2025 | 105.1600 |
| 30/09/2025 | 01/10/2025 | 105.0254 |
| 31/08/2025 | 01/09/2025 | 104.9664 |
| 31/07/2025 | 01/08/2025 | 104.8668 |
| 30/06/2025 | 01/07/2025 | 104.7627 |
| 31/05/2025 | 01/06/2025 | 104.6595 |
| 30/04/2025 | 01/05/2025 | 104.5633 |
| 31/03/2025 | 01/04/2025 | 104.2770 |
| 28/02/2025 | 01/03/2025 | 104.1115 |
| 31/01/2025 | 01/02/2025 | 103.9443 |
| 31/12/2024 | 01/01/2025 | 103.7857 |
| 30/11/2024 | 01/12/2024 | 103.6085 |
| 31/10/2024 | 01/11/2024 | 103.3402 |
| 30/09/2024 | 01/10/2024 | 103.1097 |
| 31/08/2024 | 01/09/2024 | 102.8352 |
| 31/07/2024 | 01/08/2024 | 102.5157 |
| 30/06/2024 | 01/07/2024 | 102.2091 |
| 31/05/2024 | 01/06/2024 | 101.9754 |
| 30/04/2024 | 01/05/2024 | 101.7267 |
| 31/03/2024 | 01/04/2024 | 101.5342 |
| 29/02/2024 | 01/03/2024 | 101.2982 |
| 31/01/2024 | 01/02/2024 | 101.2369 |
| 31/12/2023 | 01/01/2024 | 101.0663 |
| 30/11/2023 | 01/12/2023 | 100.7579 |
| 31/10/2023 | 01/11/2023 | 100.4799 |
| 30/09/2023 | 01/10/2023 | 100.2405 |
| 31/08/2023 | 01/09/2023 | 100.0984 |
| 31/07/2023 | 01/08/2023 | 99.8669 |
| 30/06/2023 | 01/07/2023 | 99.6881 |
| 31/05/2023 | 01/06/2023 | 99.6616 |
| 30/04/2023 | 01/05/2023 | 99.6657 |
| 31/03/2023 | 01/04/2023 | 99.7122 |
| 28/02/2023 | 01/03/2023 | 99.6140 |
| 31/01/2023 | 01/02/2023 | 99.7867 |
| 31/12/2022 | 01/01/2023 | 99.7872 |
| 30/11/2022 | 01/12/2022 | 100.0152 |
| 31/10/2022 | 01/11/2022 | 100.0953 |
| 30/09/2022 | 01/10/2022 | 100.2144 |
| 31/08/2022 | 01/09/2022 | 100.3940 |
| 31/07/2022 | 01/08/2022 | 100.5986 |
| 30/06/2022 | 01/07/2022 | 100.7112 |
| 31/05/2022 | 01/06/2022 | 100.8785 |
| 30/04/2022 | 01/05/2022 | 101.0528 |
| 31/03/2022 | 01/04/2022 | 101.1313 |
| 28/02/2022 | 01/03/2022 | 101.2555 |
| 31/01/2022 | 01/02/2022 | 101.4188 |
| 31/12/2021 | 01/01/2022 | 101.5576 |
| 30/11/2021 | 01/12/2021 | 101.6988 |
| 29/10/2021 | 01/11/2021 | 101.8440 |
| 30/09/2021 | 01/10/2021 | 101.9812 |
| 31/08/2021 | 01/09/2021 | 102.1040 |
| 30/07/2021 | 03/08/2021 | 102.2352 |
| 30/06/2021 | 01/07/2021 | 102.3559 |
| 31/05/2021 | 01/06/2021 | 102.5117 |
| 30/04/2021 | 01/05/2021 | 102.6395 |
| 31/03/2021 | 01/04/2021 | 102.7562 |
| 26/02/2021 | 01/03/2021 | 102.8825 |
| 29/01/2021 | 01/02/2021 | 102.9625 |
| 31/12/2020 | 04/01/2021 | 103.0606 |
| 30/11/2020 | 01/12/2020 | 103.1699 |
| 30/10/2020 | 02/11/2020 | 103.0660 |
| 30/09/2020 | 01/10/2020 | 103.1321 |
| 31/08/2020 | 01/09/2020 | 103.2337 |
| 31/07/2020 | 04/08/2020 | 103.2493 |
| 30/06/2020 | 01/07/2020 | 103.3059 |
| 31/05/2020 | 02/06/2020 | 103.3385 |
| 30/04/2020 | 01/05/2020 | 103.3258 |
| 31/03/2020 | 01/04/2020 | 103.2226 |
| 28/02/2020 | 02/03/2020 | 103.4782 |
| 31/01/2020 | 03/02/2020 | 103.6049 |
| 31/12/2019 | 02/01/2020 | 103.7154 |
| 30/11/2019 | 02/12/2019 | 103.8432 |
| 31/10/2019 | 01/11/2019 | 103.9844 |
| 30/09/2019 | 01/10/2019 | 104.1064 |
| 30/08/2019 | 02/09/2019 | 104.2169 |
| 31/07/2019 | 01/08/2019 | 104.3228 |
| 28/06/2019 | 01/07/2019 | 104.4186 |
| 31/05/2019 | 04/06/2019 | 104.4692 |
| 30/04/2019 | 01/05/2019 | 104.5897 |
| 29/03/2019 | 01/04/2019 | 104.7017 |
| 28/02/2019 | 01/03/2019 | 104.7912 |
| 31/01/2019 | 01/02/2019 | 104.8172 |
| 31/12/2018 | 02/01/2019 | 104.9006 |
| 30/11/2018 | 03/12/2018 | 104.9767 |
| 31/10/2018 | 01/11/2018 | 105.0676 |
| 28/09/2018 | 01/10/2018 | 105.1398 |
| 31/08/2018 | 03/09/2018 | 105.2071 |
| 31/07/2018 | 01/08/2018 | 105.2706 |
| 29/06/2018 | 02/07/2018 | 105.3245 |
| 31/05/2018 | 01/06/2018 | 105.4040 |
| 30/04/2018 | 01/05/2018 | 105.5001 |
| 29/03/2018 | 03/04/2018 | 105.5574 |
| 28/02/2018 | 01/03/2018 | 105.6289 |
| 31/01/2018 | 01/02/2018 | 105.6965 |
| 29/12/2017 | 02/01/2018 | 105.7666 |
| 30/11/2017 | 01/12/2017 | 105.8306 |
| 31/10/2017 | 01/11/2017 | 105.9088 |
| 29/09/2017 | 02/10/2017 | 105.9781 |
| 31/08/2017 | 01/09/2017 | 106.0514 |
| 01/08/2017 | 02/08/2017 | 106.1110 |
| 30/06/2017 | 03/07/2017 | 106.0850 |
| 31/05/2017 | 01/06/2017 | 106.1373 |
| 31/05/2017 | 01/06/2017 | 106.1373 |
| 28/04/2017 | 02/05/2017 | 106.1432 |
| 31/03/2017 | 03/04/2017 | 106.1368 |
| 28/02/2017 | 01/03/2017 | 106.2138 |
| 02/02/2017 | 02/02/2017 | 106.1775 |
| 30/12/2016 | 03/01/2017 | 106.2148 |
| 30/11/2016 | 01/12/2016 | 106.1903 |
| 31/10/2016 | 31/10/2016 | 106.2645 |
| 30/09/2016 | 03/10/2016 | 106.3562 |
| 31/08/2016 | 01/09/2016 | 106.3833 |
| 31/07/2016 | 01/08/2016 | 106.3729 |
| 30/06/2016 | 01/07/2016 | 106.3573 |
| 31/05/2016 | 01/06/2016 | 106.3522 |
| 29/04/2016 | 03/05/2016 | 106.3720 |
| 31/03/2016 | 01/04/2016 | 106.3832 |
| 01/03/2016 | 01/03/2016 | 106.3902 |
| 01/02/2016 | 01/02/2016 | 106.4212 |
| 31/12/2015 | 04/01/2016 | 106.4411 |
| 30/11/2015 | 01/12/2015 | 106.4550 |
| 30/10/2015 | 02/11/2015 | 106.4630 |
| 30/09/2015 | 01/10/2015 | 106.4274 |
| 31/08/2015 | 01/09/2015 | 106.4314 |
| 31/07/2015 | 04/08/2015 | 106.4704 |
| 30/06/2015 | 01/07/2015 | 106.4540 |
| 31/05/2015 | 02/06/2015 | 106.4530 |
| 30/04/2015 | 01/05/2015 | 106.4754 |
| 31/03/2015 | 01/04/2015 | 106.4365 |
| 27/02/2015 | 02/03/2015 | 106.4620 |
| 30/01/2015 | 02/02/2015 | 106.4633 |
| 02/12/2014 | 02/01/2015 | 106.4800 |
| 30/11/2014 | 01/12/2014 | 106.5030 |
| 31/10/2014 | 03/11/2014 | 106.5170 |
| 30/09/2014 | 01/10/2014 | 106.5390 |
| 31/08/2014 | 01/09/2014 | 106.5200 |
| 31/07/2014 | 01/08/2014 | 106.5050 |
| 30/06/2014 | 01/07/2014 | 106.5070 |
| 30/05/2014 | 03/06/2014 | 106.4660 |
| 30/04/2014 | 01/05/2014 | 106.4770 |
| 31/03/2014 | 01/04/2014 | 106.4780 |
| 28/02/2014 | 03/03/2014 | 106.5550 |
| 31/01/2014 | 01/02/2014 | 106.5580 |
| 31/12/2013 | 02/01/2014 | 106.6150 |
| 30/09/2013 | 01/10/2013 | 106.7410 |
| 31/08/2013 | 02/09/2013 | 106.7520 |
| 31/07/2013 | 01/08/2013 | 106.7900 |
| 30/06/2013 | 01/07/2013 | 106.8080 |
| 31/05/2013 | 04/06/2013 | 106.8580 |
| 30/04/2013 | 01/05/2013 | 106.8570 |
| 31/03/2013 | 02/04/2013 | 106.8040 |
| 28/02/2013 | 01/03/2013 | 106.7580 |
| 31/01/2013 | 01/02/2013 | 106.6840 |
| 31/12/2012 | 02/01/2013 | 106.7140 |
Key Risks
- The value of the Fund and the income from it is not guaranteed and may fall as well as rise. As your capital is at risk you may get back less than you originally invested
- Past performance is not a reliable indicator of future performance. Capital at risk.
- Recommended minimum holding period for this Fund is one year
- If you invest in any of the Gresham House, Ireland funds you may lose some or all of the money you invest
Team
Investment Team
Kuda Damba
Senior Investment Analyst
Kuda Damba
Senior Investment Analyst
Kuda joined Gresham House Ireland’s Investment Team in 2023.
Prior to joining Gresham House Ireland, Kuda was a Portfolio Manager managing €3Bn of assets across the alternatives space for Irish Life Investment Managers, and a Senior Associate at Davy within their Private Clients division.
Kuda graduated from UCD Smurfit Business School with a Master of Science degree in Quantitative Finance in 2014, and from Trinity College Dublin with a Bachelor of Arts degree in Business & Economics in 2013. Kuda also holds the Chartered Financial Analyst (CFA) designation.
Callum Heapes
Investment Analyst
Callum Heapes
Investment Analyst
Callum joined Gresham House in January 2024.
Prior to joining Gresham House, Callum worked for Goodbody Stockbrokers as a sell-side equity analyst, initially covering macro research before covering the UK video games and technology sectors.
Callum holds 3 years’ financial services experience and holds a BSc in Financial Mathematics & Economics from National University of Ireland, Galway.
Derek Heffernan
Chief Investment Officer, GH Ireland
Derek Heffernan
Chief Investment Officer, GH Ireland
Derek joined the Fund Management industry in 2008. Previously, he worked as a Senior Equity Portfolio Manager within the Treasury Asset Management division of the IKEA Group. Prior to this he held the position of Portfolio Manager with AGF, a Canadian mutual fund company.
Derek has considerable experience in managing Global Equity Portfolios and has spent time working overseas in Singapore. He holds an MBS (Corporate Finance and Accounting) from University College Cork, a BBS (Economics and Finance) from the University of Limerick and the Chartered Financial Analyst (CFA) designation.
Patrick Lawless
Executive Chair, Gresham House Asset Management (Resources) Ireland Limited
Patrick Lawless
Executive Chair, Gresham House Asset Management (Resources) Ireland Limited
Patrick is Executive Chair of Gresham House in Ireland. He is also Chair of the Investment Committee in Gresham House Asset Management Ireland Ltd.
Patrick founded Gresham House Asset Management Ireland Ltd (formerly Appian Asset Management Ltd) in 2002 after completing the management buy-out of Aberdeen Asset Management Ireland Ltd. He has over thirty years’ investment experience in the fund management, stockbroking and private banking businesses. He has held leadership roles in Davy, Aberdeen Asset Management and ABN Amro.
A member of the Chartered Financial Analysts Institute, Patrick previously sat on the Boards of the Irish Association of Investment Managers (IAIM), Irish Forestry Unit Trust (IForUT) and North American Forestry Investment Trust (NAFIT).
Insights
Key Documents
Shareholder information
View or subscribe to the key shareholder information for this company.
Annual reports and accounts
Financial statements/reports
- Gresham House Unit Trust – Annual Report and Accounts – 30 September 2025
- Gresham House Unit Trust – Annual Report and Accounts – 30 September 2024
- Gresham House Unit Trust – Annual Report and Accounts – 30 September 2023
- Gresham House Unit Trust – Annual Report and Accounts – 30 September 2022
- Appian Unit Trusts – Annual Report and Accounts – 30 September 2021
- Appian Unit Trusts – Annual Report and Accounts- 30 September 2020
- Appian Unit Trusts – Annual Report and Accounts – 30 September 2019
Interim reports and accounts
Financial statements/reports
- Gresham House Unit Trust – Interim Report and Accounts – 31 March 2023
- Appian Unit Trusts – Interim Report and Accounts – 31 March 2022
- Appian Unit Trusts – Interim Report and Accounts – 31 March 2021
- Appian Unit Trusts – Interim Report and Accounts – 31 March 2020
- Appian Unit Trusts – Interim Report and Accounts – 31 March 2019
PRIIPS & Prospectus
SFDR disclosures
Adverse sustainability impacts
Pursuant to Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (“SFDR”), the Fund is not classified as an Article 8 or Article 9 fund, however, disclosure in accordance with the requirements of Article 6 of SFDR in relation to the integration of sustainability risks, which is applicable to the Fund, is set out in the Prospectus. The Fund does not consider adverse impacts of investment decisions on sustainability factors, as defined under SFDR, as it is not required to do so under Article 4(3).
EU Taxonomy
The investments underlying this financial product do not take into account the EU criteria for environmentally sustainable economic activities.
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