The quiet success story
It was surprising not to see more fuss being made of the rise in money fund assets as the assets
managed by members of IMMFA (the Institutional Money Market Funds Association) exceeded $100
billion earlier this year.
This healthy growth in assets is only part of the story since some fund managers, such as Deutsche
Bank and Mellon Bank owned Newton have left the Association. Altogether, funds aimed at corporate
investors are well in excess of this figure, closer to $150 billion according to some industry estimates.