Moody's says "Bond Fund Inflows Benefiting from Shift out of Money Market Funds" in its new "Bond Funds: 2009 Review and 2010 Outlook". The ratings agency says, "The bond fund industry suffered peak outflows in the final quarter of 2008 but started to regain momentum during the first half of 2009.... Moody's new "Bond Funds: 2009 Review and 2010 Outlook" report says that, as investor risk aversion has eased in recent months, the markets have again been supplied with liquidity and demand for bond funds has risen. As a result, investors have been shifting money out of money market funds into bond funds." Moody's also recently assigned a Aaa/MR1+ fund rating to HSBC Corporate Money Funds Ltd. -- Canadian Dollar Fund. In other news, money fund portal technology provider Cachematrix announced that "more than $3 trillion in institutional money market fund assets have been traded through its software and customized trading systems." Founder and CEO George Hagerman says, "We are in exciting times as more and more financial institutions look to restructure and modernize their investment operations. As institutions move to address these technology needs and subsequently recognize the revenue producing power money market portals are capable of providing we expect and look forward to continued growth."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September