Under the bonnet of money market funds

Kathy Byrne of Askis Limited looks at the opportunities in money market funds

With interest rates held at 0.5% for 16 consecutive months, it is difficult for investors to earn good rates on cash, while managing credit risk. One option for retail investors is money market funds, offering diversified holdings of cash and other instruments. This article looks behind the money market performance tables to identify: How funds have performed under low interest rates Reasons for good and bad performance Which funds are a true cash alternative Levels of diversification within funds The table to the right shows performance and other data for the top and botto...