Moody's: Political risk will drive assets toward sterling, euro money funds in 2017, despite declining yields
Sterling prime assets hit a 12 month-high of GBP142 billion in Q4 2016. Paris, January 31, 2017-- In 2017, euro CNAV and sterling prime money funds will attract assets, amid potential volatility driven by political risk, says Moody's Investors Service. "More corporate cash will likely move to safe assets such as money market funds in the months ahead, driven by political risk despite lower yields," says Vanessa Robert, a Vice President at Moody's.
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