Fund Commentary

//Fund Commentary
Fund Commentary 2017-12-06T00:35:54+00:00
September 2017

US Bancorp Asset Management
Review & Outlook

November 1, 2017

Federated Investors
Month in Cash: Unknowns at the Fed

October 31, 2017

Wells Fargo Asset Management
Overview, strategy, and outlook

October 1, 2017

Federated Investors
Month in Cash: Pay attention to what the Fed does, not says

September 30, 2017

Wells Fargo Asset Management
Overview, strategy, and outlook

September 2017

US Bancorp Asset Management
Review & Outlook

September 2017

Morgan Stanley Investment Management
The Debt Ceiling and Money Market Funds

September 1, 2017

Federated Investors
Month in Cash: Yellen’s Lecture in the Mountains

August 1, 2017

Federated Investors
Month in Cash: Libor’s long goodbye

July 1, 2017

Federated Investors
Month in Cash: The waiting game

June 30, 2017

Wells Fargo Asset Management
Overview, strategy, and outlook

June 1, 2017

Federated Investors
Month in Cash: When $1 isn’t equal to $1

May 31, 2017

Wells Fargo Asset Management
Overview, strategy, and outlook

May 1, 2017

Federated Investors
Month in Cash: Finally able to catch our breath

April 30, 2017

Wells Fargo Asset Management
Overview, strategy, and outlook

April 1, 2017

Federated Investors
Month in Cash: Inflection Point in Fed Policy?

April 2017

Fidelity Investments
Money Markets: Rates Expected to Gradually Move Higher in 2017

March 31, 2017

Wells Fargo Asset Management
Overview, strategy, and outlook

March 1, 2017

Federated Investors
Month in Cash: If Fed talks up March, it had best act

 February 28, 2017

Wells Fargo Asset Management
Overview, strategy, and outlook

February 1, 2017

Federated Investors
Month in Cash: Likelihood of 3 hikes fading

 January 31, 2017

Wells Fargo Asset Management
Overview, strategy, and outlook

January 1, 2017

Federated Investors
Month in Cash: 2017 Outlook

January 2017

Fidelity Investments
Money Markets: Money Market Investors Ponder Rate Outlook and Looming Debt Ceiling

December 31, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

December 1, 2016

Federated Investors
Month in Cash: Hiking expectations for hikes

December 2016

Fidelity Investments
Money Markets: Market Correctly Anticipated Fed Rate Move

November 30, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

November 1, 2016

Federated Investors
Month in Cash: Moving forward with gusto

November 2016

Fidelity Investments
Money Markets: Expectations Remain High for December Rate Increase

October 31, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

October 1, 2016

Federated Investors
Month in Cash: Time for prime

October 2016

Fidelity Investments
Money Markets: Regulatory Change Review

October 2016

Fidelity Investments
Money Markets: Fed Stands Pat on Rates in September, but Puts December in Play

September 30, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

September 1, 2016

Federated Investors
Month in Cash: Preparation for reforms in full swing

September 2016

Fidelity Investments
Money Markets: LIBOR Climbs as Prime Money Market Funds Shorten Maturities

August 31, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

August 1, 2016

Federated Investors
Month in Cash: Fed optimism comes at opportune time

August 2016

Fidelity Investments
Money Markets: Investors Positioning for October Regulation Changes

July 1, 2016

Federated Investors
Month in Cash: Money funds anchored during Brexit

July 2016

Fidelity Investments
Money Markets: U.K. Votes to Leave EU, and Market Volatility Ensues

June 30, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

June 1, 2016

Federated Investors
Month in Cash: Fed doesn’t take afternoon tea

June 2016

Fidelity Investments
Money Markets: Fed’s Challenge Remains: Normalizing Rates without Undermining Growth

May 31, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

May 1, 2016

Federated Investors
Month in Cash: Fed stays close to the vest; money funds show their cards

May 2016

Fidelity Investments
Money Markets: With Easing Global Economic Pressures, U.S. Data Plays Bigger Role in Rate Policy

April 30, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

April 1, 2016

Federated Investors
Month in Cash: Yellen Cages the Hawks

April 2016

Fidelity Investments
Money Markets: Institutional and Muni Money Market Funds Begin Publishing Flow And NAV Data

March 31, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

March 1, 2016

Federated Investors
Month in Cash: Market predicting instead of listening to Fed

March 2016

Fidelity Investments
Money Markets: Data-Dependent Feds Hold Rates Steady

 February 29, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

February 1, 2016

Federated Investors
Month in Cash: Can’t blame the Fed this time

February 2016

Fidelity Investments
Money Markets: New Year, Old Concerns

January 31, 2016

Wells Fargo Asset Management
Overview, strategy, and outlook

January 1, 2016

Federated Investors
Month in  Cash: Now things get interesting

January 2016

Fidelity Investments
Money Markets: 2016 Outlook After Notable 2015

December 31, 2015

Wells Fargo Asset Management
Overview, strategy, and outlook: As of December 31, 2015

December 2015

Fidelity Investments
Money Markets: Fed Signals Reinforce Expectations for December Rate Hike

December 2015

Morgan Stanley Investment Management
First Fed Rate Hike in Nine Years – What does it mean for you?

December, 2015

Fidelity Investments
Outlook 2016: A Delicate Balance

December 1, 2015

Federated Investors
Month in Cash: Finally time to kick rates off the ground

November 30, 2015

Wells Fargo Asset Management
Overview, strategy, and outlook: As of November 30, 2015

November 2015

Fidelity Investments
Money Markets: Door Open for December Interest Rate Increase

November 1, 2015

Federated Investors
Month in Cash: Trick and Treat

October 1, 2015

Federated Investors
Month in Cash: The Fed has no cred

October 31, 2015

Wells Fargo Advantage Funds
Overview, Strategy & Outlook

October, 2015

State Street Global Advisors
Global Cash Management Credit Research Update

October, 2015

Fidelity Investments
Global Growth Concerns a Factor for U.S. Interest Rate Outlook

September 30, 2015

Wells Fargo Advantage Funds
Overview, Strategy & Outlook

September 1, 2015

Federated Investors
Month In Cash: Fed Hike Still in the Cards for 2015

September, 2015

Fidelity Investments
Leadership Series – Global Economic Uncertainties and Volatile Markets

August 31, 2015

Wells Fargo Advantage Funds
Portfolio Manager Commentary

August, 2015

Fidelity Investments
Leadership Series – Slow Progress Toward Fed’s Inflation and Employment Criteria

August 1, 2015

Federated Investors
Month in Cash: How Times Have Changed

July, 2015

Fidelity Investments
Leadership Series – Money Markets: Market Participants Skeptical of FOMC Rate Forecast

July 1, 2015

Federated Investors
Month in Cash: Looking Forward to the End of Summer

June 30, 2015

Wells Fargo Advantage Funds
Portfolio Manager Commentary

June, 2015

Fidelity Investments
Leadership Series – Money Markets: Renewed Signs of Economic Growth Cause Yields to Trend Higher

June, 2015

Northern Trust Asset Management
Market Event Analysis – Update: The Federal Reserve’s Reverse Repo Program

June 1, 2015

Federated Investors
Month in Cash: Economy Continues to Meander

May 31, 2015

Wells Fargo Advantage Funds
Portfolio Manager Commentary

May 1, 2015

Federated Investors
Month in Cash: New SEC Guidance Not Clear Enough

May, 2015

Fidelity Investments
Money Markets: Economic Data Resets Rate Expectations

April 1, 2015

Federated Investors
Month in Cash: Is the Fed Willing to Overlook Soft Patch in Push for Liftoff?

April, 2015

Fidelity Investments
Institutional Liquidity Managers and the New Reality

March 31, 2015

Wells Fargo Advantage Funds
Portfolio Manager Commentary

March 1, 2015

Federated Investors
Month in Cash: Rate Hike Not the Only Issue to Play Out This Year

March, 2015

Fidelity Investments
Market Perspectives – Money Markets: Fed Still Patient while Market Watches for Statement Clarification White Paper

February 28, 2015

Wells Fargo Advantage Funds
Portfolio Manager Commentary

February 1, 2015

Federated Investors
Month in Cash: The Scavenger Hunt for Yield

February, 2015

Federated Investors | Treasury Strategies, Inc.
Money Market Fund Regulatory Changes: The Impact of 2014 Regulations on Investment Policies

February, 2015

Fidelity Investments
Market Perspectives – Money Markets: U.S. Economy’s Liftoff in Holding Pattern

Investment Insights – Government Money Market Mutual Funds Remain an Attractive Option…

January 31, 2015

Wells Fargo Advantage Funds
Portfolio Manager Commentary

January 1, 2015

Federated Investors
Month in Cash: Fed’s New Language a Move In the Right Direction

January, 2015

Fidelity Investments
Market Perspectives – Money Markets: Fed Pledges Patience amid Strong U.S. Growth

December 31, 2014

Wells Fargo Advantage Funds
Portfolio Manager Commentary

December 1, 2014

Federated Investors
Month in Cash: The Fed is in a Giving Mood

December, 2014

Fidelity Investments
Market Perspectives – Money Markets: Preparing for the New Realty

November 30, 2014

Wells Fargo Advantage Funds
Portfolio Manager Commentary

November 1, 2014

Federated Investors
Month in Cash: Pleasant Surprises from the Fed

November, 2014

Fidelity Investments
Market Perspectives – Money Markets: Quantitative Easing Over, All Eyes Watch for First Tightening since 2006

October 31, 2014

Wells Fargo Advantage Funds
Portfolio Manager Commentary

October 30, 2014

Wells Fargo Advantage Funds
Call Replay – Portfolio Manager Outlook

October 1, 2014

Federated Investors
Month in Cash: Another Month, Another Rule Change

October, 2014

Fidelity Investments
Market Perspectives – Money Markets: Both Doves and Hawks Find Fed Support

September 30, 2014

Wells Fargo Advantage Funds
Portfolio Manager Commentary

September 18, 2014

HSBC Global Asset Management
Fed Policy: A Very Cautious Approach to Normalization

September 1, 2014

Federated Investors
Month in Cash: Fed Shifting to the Other Side of Average

September, 2014

Fidelity Investments
Investment Insights – Managing Corporate Liquidity: Balancing Risk and Income

August 2014

Wells Fargo Advantage Funds
Perspective: Our Money Market Funds Compare Favorably With the New Rules

August 31, 2014

Wells Fargo Advantage Funds
Portfolio Manager Commentary

August 1, 2014

Federated Investors
Month in Cash: About That Elephant in the Room

August, 2014

Fidelity Investments
Market Perspectives – Money Markets: Regulatory Reform Takes Center Stage

Market Perspectives – Money Market Reform Communication Series: Comparing Retail and Institutional MMFs

Market Perspectives – Money Market Reform Communication Series: Comparing Stable and Floating NAV MMFs


Market Perspectives – Money Market Reform Communication Series: Redemption Restrictions for MMFs (Liquidity Gates & Redemption Fees)

July 23, 2014

Wells Fargo Advantage Funds
Overview of the SEC’s Final Amendments to MMF Regulations

July, 2014

Fidelity Investments
Market Perspectives – Money Markets: Seeking Clarity

Market Perspectives – Glossary of Key Terms for Money Market Mutual Fund Regulation

Market Perspectives – Money Market Reform Communication Series: Understanding Government and U.S. Treasury MMFs

June 12th, 2014

Fidelity Investments
Journal of Portfolio Management: Treasury Floating-Rate Government Securities Article

June 6th, 2014

Fidelity Investments
Business Cycle Update: U.S. Rates and Economy Remain Steady Report

June 18th, 2014

Fidelity Investments
U.S. Fixed Income Commentary Report

June 2nd, 2014

Fidelity Investments
Three Market Paradoxes to Ponder

June, 2014

Federated Investors
Market Perspectives – Money Markets: The Road to Normalizing Monetary Policy

May 5th, 2014

Fidelity Investments
Money Markets: Evaluating the Data as the Fed Reaffirms Dovish Posture Report

May 5th, 2014

Fidelity Investments
Business Cycle Update: Market in Holding Pattern amid Mixed Global Backdrop Report

April 17, 2014

Fidelity Investments
Q1 Bond Market Update: Bonds Shine

April, 2014

Bank of America
The “Beginning of the End” of the Low Rate Environment?

April 30, 2014

Wells Fargo Advantage
Overview, Strategy, and Outlook: As of April 30, 2014

April 23, 2014

Wells Fargo Advantage
Money Market Fund Reform; Amendments to Form PF

April 8, 2014

Fidelity Investments
Money Markets: New Fed Insights Change Market Tone Report

April 4, 2014

Fidelity Investments
Global Asset Allocation Market Assessment Statement

April 1, 2014

Federated
Month in Cash: The end of low-rate frustration is almost in sight

March 18, 2014

Fidelity Investments
Money Markets: Economic Uncertainty, Fed Insights, and New Treasury Supply Report

March, 2014

Fidelity Investments
Money Markets: Economic Uncertainty, Fed Insights, and New Treasury Supply

March 1, 2014

Federated Investors
Month In Cash: Hurry up and wait

January 28, 2014

Wells Fargo Advantage Funds
Overview, strategy, and outlook: As of February 28, 2014

February 1, 2014

Federated
Month in Cash: Weather still freezing but economy thawing

January 31, 2014

Wells Fargo Advantage
Overview, Strategy, and Outlook: As of January 31, 2014

January 30, 2014

Federated
Money Market Memo: Staring at the ceiling … again

January 1, 2014

Federated Investors
Month in Cash: A little closer to normalcy

December 6, 2012

Invesco Global Liquidity
Investment Perspective: Third Quarter Review and Outlook for Short-Term Markets

December 1, 2012

Federated Investors
Month In Cash: Moving Out on the Curve

November 30, 2012

BofA Global Capital Management
BofA Funds Product Positioning Update

December 31, 2012

Wells Fargo Advantage
Portfolio Manager Commentary – Overview, Strategy, and Outlook

November 30, 2012

Wells Fargo Advantage
Portfolio Manager Commentary – Overview, Strategy, and Outlook

November 29, 2012

Invesco Global Liquidity
Preparing Cash Portfolios for the Expiration of the Transaction Account Guarantee Program

November 13, 2012

Fidelity Investments
Regarding the Potential for Money Market Mutual Fund Regulation

November 1, 2012

Federated Investors
Month in Cash: Fed Likely To Keep Lid On Rates For Some Time

October 31, 2012

Wells Fargo Advantage
Portfolio Manager Commentary – Overview, Strategy, and Outlook

October 26, 2012

BofA Global Capital Management
Potential Expiration of Unlimited Deposit Insurance Confronting Cash Investors

October 1, 2012

Federated Investors
Month in Cash: New Easing Goes Down Surprisingly Well – So Far

September 30, 2012

Wells Fargo Advantage
Portfolio Manager Commentary – Overview, Strategy, and Outlook

September 27, 2012

BlackRock
Money Market Funds: A Path Forward

September 14, 2012

Federated Investors
Month in Cash Update: The Fed Surprises

September 1, 2012

Federated Investors
Month in Cash: Rates Steady as Recovery Shows Signs of Life

July 13, 2012

BofA Global Capital Management
BofA Global Capital Management Focuses on Managing Exposure to Eurozone Debt

July 1, 2012

Federated Investors
Month in Cash: Forewarned is forearmed

June 25, 2012

Federated Investors
Looking Past The Headlines

June 22, 2012

Invesco Global Cash Management
No Anticipated Impact on Invesco’s Prime Money Market Funds from Moody’s Downgrade of Global Capital Market Intermediaries (GCMIs)

June 1, 2012

Federated Investors
Month in Cash: Calm seas are good, but some wind would be nice

May 31, 2012

BofA Global Capital Management
BofA Global Capital Management Focuses on Managing Exposure to Eurozone Debt

May 25, 2012

Invesco Global Cash Management
Weekly Market Commentary

May 23, 2012

BofA Global Capital Management
BofA Global Capital Management Focuses on Managing Exposure to Eurozone Debt

May 15, 2012

Federated Investors
Federated Perspectives: European Banks Are In Better Shape Even If Their Economies Aren’t

May, 2012

Invesco Global Cash Management Monthly Commentary:
A Review of Developments in the Money Market Industry During The First Quarter of 2012

ICD fully supports industry and government initiatives that further strengthen the products used by our clients. On January 27, 2010, the SEC voted to adopt several proposals to update Rule 2a-7, the federal regulation that governs SEC-registered money market funds.

Please find on this page Fund Family commentary on these proposals, which ICD will update as they are released. Feel free to contact ICD with questions regarding specific funds or the industry in general.

August 8, 2011

Federated Market Memo: S&P Downgrade Immaterial to Money Market Funds (08-08-2011)

Fidelity: Q&A Regarding S&P’s Downgrade of U.S. Long-Term Credit Rating (08-08-2011)

HSBC Global Asset Management Liquidity Product Update (08-08-2011)

Morgan Stanley: Client Letter (08-08-2011)

S&P: Principal Stability Fund Ratings Unaffected By U.S. Sovereign Downgrade (08-08-2011)

Western Asset: The Impact on Money Market Funds from the U.S. Debt Downgrade (08-08-2011)

Wells Fargo: Update on Money Market Fund Portfolio Strategy (08-08-2011)

August 7, 2011

BofA Global Capital Mgmt: S&P Downgrade Not Expected to Have Significant Impact on Money Funds (08-07-2011)

July 27, 2011

Oppenheimer: Focus On…Portfolio Management (07-27-2011)

May 4, 2011

Month in Cash: FDIC Throws Curve to Already Challenging Cash Market
(Federated Investors)

Commentary by Deborah A. Cunningham, CIO Money Markets

May 2, 2011

Portfolio Manager Commentary – Overview, strategy, and outlook
(Wells Fargo Advantage Funds)

Money Market overview by Dave Sylvester

April 1, 2011

Month In Cash: So Much Going On, So Little Movement
(Federated Investors)

Commentary by Deborah A. Cunningham, CIO Money Markets

March 31, 2011

BofA Global Capital Management Investor Briefing – A Quarterly Conversation with Michael Pelzar, President (BofA Global Capital Management)

Columbia Management: SEC Alters the Playing Field for Managers of Money Market Funds (02-10-2010)

Federated: Federated Welcomes SEC Money Market Changes (1-27-2010)

Federated: Federated Summary of Money Market Fund Reform Rules

Fidelity: Fidelity Investments’ Statement Regarding Upcoming Changes to Federal Regulation Governing Money Market Mutual Funds (01-27-2010)

First American Funds: New Money Market Fund Regulations

Morgan Stanley: Money Market Fund Update
 (02-2-2010)

Morgan Stanley: SEC Amendments to Rule 2a-7 (03-15-2010)

Northern Trust: SEC Approves New Rules for Money Market Funds (2-4-2010)

RBC: The SEC’s Reform Rule 2a7 Regulations- How do the Changes Affect the RBC Money Funds?

Western Asset: SEC Amends Rules for Money Market Funds (2-29-2010)

Wells Fargo: Overview, Strategy, and Outlook, as of January 31, 2010(02-9-2010)

Wells Fargo: SEC Rule 2a-7 Amendments and how they relate to the Wells Fargo Advantage and Evergreen Investments Money Market Funds

ICD fully supports industry and government initiatives that further strengthen the products used by our clients. On January 27, 2010, the SEC voted to adopt several proposals to update Rule 2a-7, the federal regulation that governs SEC-registered money market funds.

 

Please find on this page Fund Family commentary on these proposals, which ICD will update as they are released. Feel free to contact ICD with questions regarding specific funds or the industry in general.