Federated’s Cunningham on the fight to save prime MMFs

SEC reform proposal could be final nail in coffin for institutional prime funds

Federated Hermes
Photo: Simon Schneider/Alamy Stock Photo

The combination of rising prices and interest rates has put most fund managers on the back foot. But for managers of prime and municipal money market funds (MMFs), things are finally looking up – or they were, until the US Securities and Exchange Commission (SEC) threw a spanner in the works.

Runaway inflation, and monetary policy efforts to curb it, have caused spreads between government debt and short-term dollar paper from other issuers to widen – a sharp contrast with recent years, when US

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here