Phenomenal growth

Security, liquidity and yield are the three watchwords of the money market fund industry. Prompted by a growing awareness that cash management of short-term liquid cash can mean more than simply placing sums on deposit, money market funds are enjoying a phenomenal period of growth in Europe. A further boost to popularity is expected with the recent announcement by financial ratings provider IBC that it is to launch a European money market fund report. The launch will be the first standardised European report of its kind which, according to managing editor Peter Crane, is long overdue. He ...