The magnetism of money-market funds

摘要

Rather than leaving money to languish overnight on deposit, banks tout services that maximise corporates' return. However, it is not just the banks that are active in this market, fund managers have also got in on the act. And money-market funds are becoming increasingly popular. The UK's Association of Corporate Treasurers (ACT), which regards the funds as flexible, straightforward and popular, now includes their use in its courses for aspirant treasurers. ACT technical officer Martin O'Donovan says: "By and large they're very highly rated and the rates of return you can get from them are very reasonable "compared with the alternatives."