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.

  • By William Chambers
  • 03 Nov 2017

“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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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 12,042.98 14 11.16%
2 JPMorgan 10,114.01 13 9.37%
3 Citi 9,037.14 14 8.37%
4 NatWest Markets 8,487.83 7 7.87%
5 HSBC 7,587.14 11 7.03%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 26,776.92 63 12.44%
2 HSBC 20,140.01 43 9.35%
3 JPMorgan 18,140.98 43 8.43%
4 Deutsche Bank 17,160.97 23 7.97%
5 Bank of America Merrill Lynch 15,542.62 47 7.22%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,242.89 39 8.56%
2 Barclays 19,533.57 31 7.87%
3 UniCredit 16,899.52 41 6.81%
4 HSBC 16,516.41 51 6.65%
5 BNP Paribas 15,247.52 27 6.14%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 47,163.88 157 7.44%
2 JPMorgan 46,881.95 215 7.40%
3 HSBC 42,134.38 143 6.65%
4 Barclays 36,659.08 110 5.78%
5 Deutsche Bank 34,477.82 91 5.44%