Fitch affirms ‘AAAmmf’ for Invesco STICs
0Invesco’s sterling, euro and dollar denominated Short Term Investment Companies have been given AAAmmf ratings by Fitch. The funds’ credit quality, diversification, maturity profiles and investment advisor, Invesco Ltd, were all deemed to meet the standards required by Fitch’s money market fund rating criteria.
On the same day that Goldman Sachs Asset Management also had its three new liquidity funds rubber-stamped by Fitch, there is clearly the perception among asset managers that demand for liquidity products across the Euroland, UK & North America is not in short supply.
At mid-October, overnight liquidity in the three Invesco funds was at 42%, 34% and 19% for the euro, sterling and US dollar portfolios, respectively.
Share
