24 March 2020

European LVNAV Money Market Fund Sector Outlook Goes Negative

Fitch Ratings has revised its sector outlook for European low volatility net asset value (LVNAV) money market funds (MMFs) to negative from stable.

11 March 2020

ESG Adoption Increases Burden of Proof on Money Market Funds

In the longer term, if ESG becomes common in traditional MMFs, demand for named ESG MMFs may decrease.

3 July 2019

Fitch Ratings: European High-Yield Fund Risk Heightened by Asset-Liability Mismatch

The European high-yield bond fund sector appears to be operating with significant liquidity risk.

28 November 2018

Fitch Ratings 2019 Outlook: Global Money Market Funds

Fitch Ratings expects ratings to remain stable across its portfolio of global money market funds (MMFs) in 2019.

23 July 2018

Fitch: Governance of European money funds to face greater investor scrutiny

The reforms became effective for new funds on 21 July and will apply to existing funds from January next year.

12 February 2018

Fitch: 2018 to be a pivotal year for European green bond funds

Green bond funds are rapidly emerging as a sub-asset class in fixed-income funds as investor demand for “green” investments grows.

4 October 2017

Fitch: Gate risk low for European money funds post reform

The probability of a discretionary or mandatory liquidity fee or redemption gate being imposed on European money market funds (MMFs) post-reform is low, absent a systemic shock or idiosyncratic credit event.

21 September 2017

Fitch launches ‘MMF Compare’ interactive money fund comparison tool

Fitch Ratings has launched ‘MMF Compare’, a new European money market fund (MMF) interactive comparison tool to provide investor education.

22 December 2016

Fitch: European MMFs face worsening year-end supply shortages

A recurring shortage of overnight deposit and repo facilities around year-end will leave European money market funds increasingly dependent on custodian banks for managing their liquidity.

17 October 2016

Fitch: Fund liquidity mismatch risk at a high

Fitch Ratings believes that the likelihood and impact of fund liquidity mismatch risk has increased to a record high in 2016. 

11 May 2016

Fitch: Italian Insolvency Reforms Positive but Still Untested

Changes made to Italy’s insolvency laws since mid-2015 and measures introduced to reduce the length of time creditors need to wait before settling claims are positive, but we are still at an early stage and reforms have yet to be put into practice, says Fitch Ratings.

7 December 2015

Fitch: ECB Move Adds to Challenge for Euro Money Market Funds

The European Central Bank’s decision to cut its deposit rate and extend quantitative easing is likely to push euro money market fund yields further below zero, adding to the challenge funds face in maintaining assets under management, Fitch Ratings says.