AIM Global unveils new MMF website
AIM Global, the international arm of US-based AIM Investments unveiled its new momey market funds website in February.
The new website - www.aimglobal.com - provides information on : what MMF are; why corporates and financial institutions might use them; ratings and the current market.
Marc Doman, MD of AIM Global, says: "The launch of the site is very timely. Whilst interest rates have been so low, and yield curves so flat, it has been difficult for money market funds to compete with other cash instruments. Now that interest rates are firming, money market funds should reestablish themselves as an attractive source of competitive short-term interest rates."