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.

  • By Lewis McLellan
  • 02 Feb 2017

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 18,481.15 26 8.92%
2 HSBC 16,094.53 24 7.77%
3 BNP Paribas 15,919.65 22 7.69%
4 Barclays 15,336.60 24 7.41%
5 Goldman Sachs 14,733.99 25 7.11%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,381.13 125 11.91%
2 Citi 51,314.15 130 11.44%
3 HSBC 34,944.78 85 7.79%
4 Bank of America Merrill Lynch 33,966.38 103 7.58%
5 Deutsche Bank 29,250.35 70 6.52%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 34,435.93 113 7.29%
2 UniCredit 33,423.92 115 7.08%
3 Barclays 32,362.77 78 6.85%
4 Goldman Sachs 31,731.55 86 6.72%
5 BNP Paribas 31,535.13 67 6.68%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 93,456.61 317 7.32%
2 JPMorgan 93,323.26 535 7.31%
3 HSBC 80,762.45 290 6.33%
4 Barclays 66,264.15 207 5.19%
5 Bank of America Merrill Lynch 66,092.39 212 5.18%