US funds back ‘quality’ European bank CP while dealers are wary of ECB repo move
Fears that US money market funds would abandon European bank CP were allayed this week, after a US investment manager cited "relative value" in European senior bank debt.
Federated Investors launched a short-term sterling liquidity fund on Monday in response to investor enquiry. European senior bank debt would be looked at as a potential investment, a spokesman said.
"Federated has done the credit work, and we believe that the banks that we work with are the best
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