Finance professionals remain cautious about holdings outside U.S. - AFP survey
Safety concerns dominate as only 42 percent of organizations made changes to their cash and investment balances outside the U.S. from May 2015 to May 2016
Money Market Fund Investing
Background
A money-market fund (MMF) is an AAA-rated, constant NAV (net asset value) pooled investment that is made up of short-term fixed income instruments that provide same-day access to liquidity for…
Read moreETFs to rise above $7 trillion by 2021, report finds
Significant growth in the exchange traded funds market over the next five years is expected to be driven by expansion into new markets, developing distribution channels and asset classes.
Britain files for divorce from EU: financial markets go on magical mystery tour
Brexit is a victory for uncertainty across international financial markets. This is no Armageddon. There will be opportunities where “a good fund manager will prove to be invaluable”, Nigel Green, CEO, deVere Group
Warren Buffett’s epic rant against Wall Street: Hedge Funds are worst than S&P index
Buffet bet in 2006 that the Vangard S&P 500 index fund would be better the 5 Hedge Funds: by end 2015, the S&P 500 index fund had a cumulative return of 65.7%, outdoing the hedge fund teams’s 21.9% return
US money market reform may spur 50% cash exodus
Moody's Investors Service has warned that up to 50 per cent of investor assets are likely to leave US prime money market funds (MMFs) ahead of major regulatory reforms in October.
MiFID II: the saga continues
The European Securities and Markets Authority (ESMA) has responded to a letter it received last week from the European Commission on certain aspects of ESMA's draft MiFID II rules.
ESMA publishes first supervisory convergence work programme for 2016
European Securities and Markets Authority are changing their focus from single rulebook to supervisory convergence work
Will ESMA’s MiFID guidelines on investment advice be effective?
The European Securities and Markets Authority has published its final report on MiFID II guidelines for the assessment of knowledge and competence.
No rating changes expected as Fitch updates Global MMF Ratings Criteria
Fund managers may adjust their MMFs following the release of the new criteria and Fitch would expect those changes to be made by end-January 2016
The pitfalls and opportunities in RMB repo
Repurchase agreements remain a crucial investment option for RMB money market funds. While China's repo markets provide less transparency for investors, there are opportunities nonetheless.
Corporates rethinking collateral management in light of recent regulation
A report produced by Aite Group for Euroclear has highlighted the current challenges and opportunities facing treasurers and collateral managers in Europe’s capital markets.
Most companies need to change asset allocation policies to cope with new normal
SunGard’s 5th annual corporate cash investment survey reveals more surplus cash with corporates continuing with money market funds as they battle to overcome regulatory restrictions and lack of options
Bank of England hopes to strengthen SONIA with sterling money market data collection
A consultation paper on detailed plans for a new sterling money market data collection has been published by the Bank of England.
Deutsche Bank launches servicing solution for hybrid fund investors
New advanced operating platform manages and administers hybrid funds
Bond yields tempt corporate issuers to market
Corporates are increasingly looking to corporate bonds to invest surplus liquidity, with almost half of total investment from companies now in corporate bonds.
IMMFA expresses concern over European MMF law
Money market fund reform could be bad news for European capital markets and could damage businesses and other entities that use money market funds
ESMA report on credit rating agencies/trade repositories & 2015/6 priorities
ESMA will focus on 1) systemic risks posed by CRAs by seeking to minimise conflicts of interest in rating process, and 2) inter-TR reconciliation process, business continuity planning, & fees
Misys extends trade reporting capabilities to DTCC Global Trade Repository
Hosted Regulatory Reporting Service now set for global reporting and commodities support
ICAP Information Services launches the ICAP Bond Correlated Call US Treasury Index
ICAP BCC is a fixed income strategy index, representing the enhanced income received on physical bond holdings when a product on the index is launched
JPM launches new on-shore RMB money market fund with unique same-day liquidity
J.P. Morgan Asset Management and Shanghai International Trust Co partner again in new RMB fund offering
DTCC and Euroclear create collateral processing joint venture
New joint venture will provide from mid-2015 a Margin Transit Utility and Collateral Management Utility for the collateral management industry
Fidelity Investments have not yet decided on their reaction to MMF rule changes
Excellent guide summarises the SEC rule changes which will be implemented by October 14, 2016 and reveals Fidelity’s indecision as to what to do next
New MMF NAV rules: Tom Hunt’s “10 Steps Every Treasurer Should Take”
Investment industry starts to work out how to handle the new rules, and what is good and bad in new MMF regulations
SEC approves Money Market Fund reform ignoring complaints
AFP and funds lead the protests now they know their concerns haven’t been recognised