Change for the better for money market funds

ON EUROPE

Three years ago the financial world as we knew it underwent a liquidity crisis never before even contemplated in most people's worst nightmares.

Three years on, financial stock prices are hammered ever lower and austerity measures appear to be, in many cases, too little too late.  As the US joins the downgraded sovereigns, where will it end? How will it end? Will it end?   Well, in some ways, things have not actually changed that much.  In the mid of downgrading and contagion effects where holders of weakened debt are perceived to be vulnerable on the back of those holdings, one industry has continued to flourish.  Qualifying Money Market Funds (QMMFs) – AAA rated UCITS funds that invest short term cash on behalf of a wide ran...