21 September 2022

Sustainable Fitch Launches ESG Ratings Product for Investors

Sustainable Fitch has launched its ESG Ratings product for investors. ESG Ratings, Data & Analysis offers granular and transparent ESG ratings and sub-scores at an entity, framework and instrument level. ESG ratings are provided on an absolute and fully cross-comparable rating scale, with qualitative...

7 September 2022

Sustainable Fitch Launches Leveraged Finance ESG Scores

Sustainable Fitch has announced the launch of its ESG Scores for Leveraged Finance. The ESG scores provide the CLO investment community with an absolute scoring system which allows granular assessment of environmental, social and governance factors for leveraged finance entities and labelled...

10 March 2022

European Money Market Funds’ ESG Adoption Continues to Rise

London: Fitch Ratings estimates that assets under management (AUM) in money market funds (MMFs) classified under Article 8 (A8) of Europe’s Sustainable Finance Disclosure Regulation (SFDR) reached EUR600 billion at end-2021, or 39% of total European MMF AUM, up from 36% at end-3Q21.

Fitch is aware of...

15 February 2022

Decentralised Finance May Divide into Regulated and Unregulated

London: Decentralised finance (DeFI) could divide into regulated and unregulated segments as regulators increase their focus on the sector’s risk profile, Fitch Ratings says in a new report. We expect many providers to submit to regulation to support their market credibility, but some may look to operate...

11 February 2022

European Short-Term Bond Funds Increasingly Consider ESG

London: A recent Fitch Ratings study found that, at end-2021, over a third of European short-term bond funds (STBFs) considered environmental or social aspects, among other characteristics, when making investment decisions. Such funds are classified under Article 8 of the EU Sustainable Finance...

15 December 2021

Global MMF 2022 Sector Outlook Neutral on Stable Environment

Fitch Ratings' 2022 sector outlook for global money market funds (MMFs) is neutral, reflecting expectations for a stabilising credit environment, modestly rising interest rates in major developed economies and manageable flow and asset under management (AUM) dynamics. Evolving MMF regulation brings...

1 October 2021

Fitch Ratings Publishes Stablecoin Dashboard

London - Fitch Ratings believes that stablecoins will become increasingly relevant constituencies in the short-term credit markets. The market capitalisation of stablecoins has increased rapidly, and the security portfolios of stablecoins are typically invested in short-term securities such as commercial...

7 July 2021

European Traditional Investment Managers Increase Focus on ESG

European traditional investment managers (IMs) are increasingly focusing on the investment impact of environmental, social and governance (ESG) factors, particularly environmental sustainability, Fitch Ratings says in a new report.The process has accelerated, helped by the EU’s Sustainable Finance...

18 May 2021

Central Bank Digital Currencies May Disrupt Financial Systems

Hong Kong/London: The broader adoption of general-purpose central bank digital currencies (CBDCs) will present authorities with trade-offs between the associated risks and benefits, says Fitch Ratings.

The key benefits of retail CBDCs lie in their potential to enhance authority-backed cashless payments...

14 May 2021

ESMA Regulatory Consultation Raises ST VNAV Fund Profile

London: ESMA’s recent consultation report considering the potential elimination of the dominant fund type in Europe, low-volatility net asset value (LVNAV) money market funds (MMFs), while retaining variable net asset value (VNAV) funds, has increased investor interest in short-term (ST) VNAVs. Fitch...

29 April 2021

Supply Chain Finance Funds Face an Uncertain Future

London - Supply chain finance funds (SCFs) face an uncertain future following the recent suspension and liquidation of several open-end mutual SCFs with links to the failed supply-chain finance company Greensill Capital, Fitch Ratings says in a new report. Fallout from the situation is likely to damage...

18 March 2021

Fitch Affirms 10 J.P. Morgan Liquidity Funds

Fitch Ratings has affirmed the ratings of nine J.P. Morgan short-term money market funds (ST MMFs) and one J.P. Morgan standard money market fund (MMF). The ST MMFs and standard MMF are managed by J.P. Morgan Asset Management (UK) Limited (euro- and sterling-denominated funds) and J.P. Morgan Investment...