Insight & Analysis

Press release: Federated Investors announce post-reform structure of European money market funds

Published: Apr 2018

These changes will affect the structure, composition, valuation, liquidity requirement and information reporting of money market funds domiciled, managed or marketed in the European Union.

Based on discussions with clients and an examination of the effects of restructuring, Federated determined the implementation date of the changes should closely coincide with the compliance requirement d ate to allow clients time to prepare their systems. The company expects to announce the confirmed implementation date by the end of Q2 2018.

Federated intends to implement the following structure for its mutual funds:

Fund name Current structure Post-reform structure (in effect by 21st January 2019)
Federated Short-Term Sterling Prime Fund Short Term CNAV Low Volatility MMF (LVNAV)
Federated Sterling Cash Plus Fund Standard VNAV Standard VNAV
Federated Short-Term US Prime Fund Short Term CNAV Low Volatility MMF (LVNAV)
Federated Short-Term US Government Securities Fund Government CNAV Public Debt CNAV
Federated Short-Term US Treasury Securities Fund Government CNAV Public Debt CNAV

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