Fortis Investments Launches Money Market Funds in the Netherlands
Fortis Investments has launched its complete range of money market funds in the Netherlands, specifically targeted at corporates, institutional investors and local authorities with excess cash in euros. Fortis Investments offers a range of seven money market funds: Money Prime Euro (AAAm), Money Prime Euro SRI (AAAm), Money Short Term Euro (AAf, S1+), Money Plus Euro, Three Months Euribor, Money Dynamic Euro and Absolute Return Bond Euro. The first three have been rated by Standard and Poor’s. The first five funds are for investments of up to six months and are cash equivalent. The remaining two funds are for investments of six months to two years and are not IAS7 compliant (i.e. not cash equivalent).