A Brexit would be a "non-event" for the $258bn of assets held in money market funds in the UK, according to a Moody's survey, with only 18% of groups saying they would need to strengthen their distribution capabilities in Europe as a result.
The ratings agency surveyed 12 EU-based asset management companies, responsible for $550bn in money market fund assets, on the impact a potential Brexit would have on their businesses. Almost 90% said...
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December 2018 or early 2019
Eight-week high against US dollar
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