Faysal Money
Market Fund has been established under the Non-Banking Finance companies (Establishment and Regulation), Rules 2003 (the NBFC Rules) and has been authorised as a unit trust scheme by the Securities and Exchange Commission of Pakistan (SECP) on June 04, 2009.
Money
Market Fund is the only one of its kind in Oman offering both retail and institutional investors an excellent alternate to current account.
Banque Misr Money
Market Fund became the largest in Egypt with EGP 14.9bn, followed by National Bank of Egypt Mutual Fund 4 with assets of EGP 12.8bn by the end of last June.
The Guidelines on reporting provide guidance on how to fill in the reporting template on money
market funds that managers of MMFs will transmit to competent authorities as of Q1 2020.
The Bank Muscat Money
Market Fund remains the only one of its kind in Oman offering investors an excellent treasury management tool to manage their day to day cash flows.
in the one-year return-balanced fund category (foreign currency-denominated), the Sun Life Prosperity Money
Market Fund, Inc.
There is currently uncertainty whether reverse distribution or share cancellation mechanisms, which are routinely used in money
market funds to transfer market-driven negative yields to end investors, are permitted under the pending European money
market fund reforms.
Chevron Corp., the plaintiffs alleged that the plan’s fiduciary breached its duty of prudence by offering only a money
market fund as a principal protection investment option, when a stable value fund would have generated a higher rate of return.
It is among the country's largest money
market fund managers based on assets under management according to iMoneyNet as of 3/31/17.
Schneider said he has seen insurers looking to tier operating cash and are increasingly making allocations to investments just outside the money
market fund universe--in, for example, ultra-short funds, which are often less concentrated in financial paper and can include assets with maturities beyond the 397-day limit for money
market funds.
Institutional investors who prefer money
market funds with stable $1 NAVs, and retail investors who want to avoid even the remote chance of redemption fees or gates, "will have no choice but to invest in a government money
market fund," ICI stated.
BMO Global Asset Management, a part of BMO Financial Group (TSX:BMO) (NYSE:BMO), has said that it has launched the BMO Institutional Prime Money
Market Fund to provide institutional and retail investors with a money
market fund that will eventually have a floating net asset value (NAV).
