£47bn money market fund sector 'at risk' from negative rates, warns AXA IM

clock • 2 min read

The £47bn money market fund sector in the UK is "at risk" from negative interest rates, AXA Investment Managers' Nicolas Trindade has said.  Money market funds allow investors to earn a small amount of interest while having ready access to their cash. But the pandemic and subsequent moves by central banks to support economies has forced yields on some government bonds into negative territory, reducing the yield money market funds offer. The sector saw outflows of £1.7bn across the summe...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.

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