The best and worst performing sterling money market funds are now separated by over 0.8%, a margin that has doubled in just two months, according to Fidelity International. It suggests that, with such a wide range of yields on offer, investors should look for security and liquidity before the potential returns on offer. Kevin Thompson, managing director of Fidelity’s Institutional Cash Fund, says: “This range of yields is unusually wide and shows that some fund managers are better than others at getting the best deal on money market securities. However, the golden rule for investors in money market funds should be security first, liquidity second and then yield in excess of bank deposits a close third.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.