“The message from treasurers is clear. While they value money funds, they will simply abandon the instrument should any of these concepts be adopted. The potential implications of such a widespread run away from money funds are staggering.” Gregg, added. [PIMCO ETF is Alternative to Money Market Funds]
Treasurers account for $1.7 trillion in institutional share classes, or 65%, of the $2.7 trillion money market space.
For more information on the money markets, visit our money markets category.
Max Chen contributed to this article.