The European Union's new money market regulation has contributed notably to the decline in the number of money market funds in Finland. Whereas in February 2018, there were 11 money market funds in the country, fresh statistics by Investment Research Finland from late March indicate that only Seligson & Co Fund Management's Money Market Fund AAA remains.
"This is not exactly a situation that we were expecting to see," says Aleksi Härmä, portfolio manager at Seligson & Co Fund Management, who manages the last remaining fund in Finland.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for AMWatch has now started
With your free trial you get:
Full access to all locked articles on AMWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.