Erroneous reporting on "​money market funds" by the press continues as the Guardian.​co.​uk writes "'​Ultra safe' money market fund loses millions". The article refers to losses on Threadneedle UK Money Securities, "​L450m money market fund, regarded as an ultra safe alternative to cash, has lost millions of pounds". But this fund is NOT a money market mutual fund. Alas, Europe has no regulations definining the term "​money market fund" and restricting the quality, maturity and diversity of investments, so funds are free to label themselves as they wish. However, the Threadneedle fund makes no mention of "​money market fund". While organizations such as IMMFA and others are trying to establish a distinction between funds, it'​s clear Europe is in need of more stringent regulations and its reporters are in need of more education on the subject.

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive