Investment Memo

A Modest Alternative for Your Cash

What is a corporate treasurer to do? The outlook for money market funds is uncertain due to a contentious regulatory environment. Also, the pool structure of money funds exposes investors’ cash to the cash movements of other investors; and extremely low yields are likely to persist for the foreseeable future. Investors seeking a product that offers incremental return without significant incremental volatility, little to no redemption risk, and a limited regulatory profile may want to consider alternatives.