U.S. prime money market funds are lowering their exposure to European banks and holding shorter maturity securities, Fitch reports.
Between May 31 and July 31, prime money market funds reduced their European bank holdings by 20.4% to 47%.
Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.
3-Week Free Trial
Insight and analysis into the management, marketing, operations and technology of the asset management industry.
Have an account? Sign In