Introduction
If you invest in money funds you must read this Handbook.
So much has been happening in the money fund sector that it is essential that investors keep themselves up-to-date with developments. AAA rated, same-day access money market funds not only survived the financial crisis but thrived.
New regulations are in place and more are being considered.
Meanwhile, the rating agencies are still reviewing their methodologies and publishing analyses of the industry. The industry itself is trying to decide whether there is a future for SNAV funds which are increasingly described as CNAV funds. The two terms are now used interchangeably.
Experienced and knowledgeable investors will find much has changed. Interviews with industry professionals and corporate investors provide a context for all our analysis.
This Handbook reports on the industry as at September 2010.
Content advisor
We should like to record our thanks to Alan McRae of Cross-Markets Limited for his
assistance in compiling the Handbook and in providing commentary throughout.
Editorial independence
Full responsibility for the editorial content of the Handbook rests with Treasury Today.