Growth in US prime MMFs ‘not yet significant’
Flexible investors are returning small amounts of money into prime funds after the mass exodus experienced following money fund reform, according to a Moody’s report. However, a managing director at Barclays believes this is not yet a significant trend.
“At the moment, some of the more flexible investors have been migrating a little bit of their cash into prime funds,” said Joe Abate, managing director, fixed income research at Barclays.
However, despite the suggestion by Moody’s of significant growth, Abate remains sceptical.
“At the moment, there
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