Jan 07 21
In January 2016, money market mutual funds were in the midst of a series of dramatic changes ahead of October 2016 s Money Fund Reforms, the biggest changes to money fund regulations since their introduction in October 1970. Five years ago, we ran the story, Rolling w/Reform Changes II: Recap of 15 Announcements, 16 Plans, which reviewed a number of major changes among the largest managers that took place during 2015. As in the past year, exits from Prime MMFs and fund repositioning were notable trends. Today, we examine the Covid-19 driven changes and general fund actions over the past year, as we prepare for potential regulatory changes and more fund lineup shifts in the New Year. (See also our Dec. 17 News, Top 10 Stories of 2020: Assets Skyrocket; Yields Plunge; Regs Coming? Note: Readers may also review Crane Data s News, Link of the Day and Money Fund Intelligence Archives for more stories from the past year, 5 y