New York, August 14, 2014 -- US-based money market funds' (MMF) assets under management (AUM) declined 4% to $628 billion in June from March. This represents the second consecutive quarterly decline as money market fund reform loomed. Euro-denominated MMFs saw an 18.2% rebound in AUM to EUR74 billion as a result of increased M&A activity, which resulted in cash being parked in funds until the official close of deals. Sterling MMFs' AUM remained stable at about GBP100 billion throughout the quarter.

Vollständigen Artikel bei Moodys lesen