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MMFs a good alternative for managing working capital
July 04, 2012
From Chien Mi Wong
Treasurers are advised to place their ‘fluctuating cash’ in money market funds as these ‘AAA’-rated instruments offer diversification, liquidity and higher returns amid increased market volatility, says HSBC.
Chief financial offers (CFOs) and treasurers are advised by their banks to place their short-term spare cash in low-risk money market funds (MMFs) to provide security during this period of heightened uncertainty stemming from the European Union.
Liquidity management is...
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