Flight to safe MMFs expected in risky 2017
With hotly contested elections approaching in France, the Netherlands and Germany, 2017 is expected to be rife with political risk. So skittish investors, wary of committing funds for long periods, will pump cash into money market funds, says a Moody’s report.
Euro and sterling constant net asset value funds are expected to be the main beneficiaries of the influx of cash. However, the low credit risk and high liquidity offered by money funds mean that investors will be met with low — and declining — yields.
Yields on euro money
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