Press Releases Archives: June, 2007
GTNews.com: "Converging Factors Boost US Institutional MMFs". "With corporate coffers awash in cash and companies pursuing greater efficiency in cash management, a perfect storm for US institutional MMFs is emerging that is leading to sustained growth in the industry and greater innovation," says George Hagerman of CacheMatrix on GTNews.com. The European treasury publication, which primarily publishes outside contributors' works, also includes a number of other articles on money funds in Europe. These include: "Liquidity Funds Hit Their Stride" by Kathleen Hughes from JPMorgan Asset Management, "MMF Portals - Becoming a Reality in the European Market" by Kate Baldridge of Institutional Cash Distributors (ICD), and "The Current State and Future Potential of European Offshore MMFs by Justin Rose of Standard Life Investments.
"SEC Proposal Would Boost" Money Market Assets" Says Ignites. The article recaps the proposed B-D responsibility rule changes involving 15c3 and money market funds. "Some industry observers have informally estimated that as much as $100 billion in assets could flow into money market funds as a result of the change," says ignites.com. The proposed rule and comments (due by June 18) may be seen here.
MarketWatch features Money Markets in "Safe Havens to Stash Cash". Subtitled, "Attractive yields make money markets, CDs strong alternatives to bond funds," the article reviews money market funds (includes Crane Data quotes, rankings and indexes), bank money market deposit accounts, and certificates of deposit (CDs). "In the choice between short-term bond funds and more liquid accounts, money markets are the better deal nowadays," says MarketWatch.