French Groupama AM reshapes money market fund

Eugenia Jiménez
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 ...

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