Press Releases Archives: June, 2007

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GTNews.​com: "​Converging Factors Boost US Institutional MMFs". "With corporate coffers awash in cash and companies pursuing greater efficiency in cash management, a perfect storm for US institutional MMFs is emerging that is leading to sustained growth in the industry and greater innovation," says George Hagerman of CacheMatrix on GTNews.​com. The European treasury publication, which primarily publishes outside contributors' works, also includes a number of other articles on money funds in Europe. These include: "Liquidity Funds Hit Their Stride" by Kathleen Hughes from JPMorgan Asset Management, "MMF Portals - Becoming a Reality in the European Market" by Kate Baldridge of Institutional Cash Distributors (​ICD), and "The Current State and Future Potential of European Offshore MMFs by Justin Rose of Standard Life Investments.

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"​SEC Proposal Would Boost" Money Market Assets" Says Ignites. The article recaps the proposed B-​D responsibility rule changes involving 15c3 and money market funds. "​Some industry observers have informally estimated that as much as $​100 billion in assets could flow into money market funds as a result of the change," says ignites.​com. The proposed rule and comments (​due by June 18) may be seen here.

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MarketWatch features Money Markets in "​Safe Havens to Stash Cash". Subtitled, "Attractive yields make money markets, CDs strong alternatives to bond funds," the article reviews money market funds (​includes Crane Data quotes, rankings and indexes), bank money market deposit accounts, and certificates of deposit (​CDs). "​In the choice between short-​term bond funds and more liquid accounts, money markets are the better deal nowadays," says MarketWatch.