French Groupama AM reshapes money market fund

Groupama Asset Management has renamed its money market fund giving it a designation closely aligned with the fund's typologies of investors. The Groupama Cash Equivalent fund has been rebranded as the Groupama Ultra Short Term Bond fund in line with a change of strategy consisting of a reshaping of a money market fund into a ultra-short term bond fund in a move aimed at opening the strategy to new investors.  The strategy continues to be eligible as a cash equivalent, which requires to invest in short-term, liquid, easily convertible into a cash amount and relatively insensitive to va...