Asian treasurers in slow shift towards money market funds
Treasurers based in Singapore and Hong Kong will be leading the investment into money market funds in Asia, predicts a senior director at Pictet Asset Management.
Money market funds (MMFs), a type of mutual fund first developed in the 1970s, have emerged as a trillion-dollar market in the US – with total assets reaching $5.9 trillion as of the end of November 2023, according to the Investment Company Institute (ICI) while in Europe, assets held in MMFs stood at €1.1 trillion ($1.18 trillion).
Sign-in to access CorporateTreasurer content.
Please sign in to your subscription to unlock full access to our premium CT resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial. Click the link to get started.
Note: This free trial is a one-time offer. You are eligible for one free trial per year.
If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
