Fitch Prepares to Release Institutional Tax-Exempt Money Fund Survey says
Viktoria Baklanova, director of
Fitch's fund and asset manager group. Respondents seem unconcerned with overall credit quality and feel comfortable with the current market.
But lack of diversification, high concentrations in bank and insurance guarantors, and consolidation of enhancement providers are cited as challenges, Baklanova tells us. When formulating investment strategy,
the economic environment ranked as the most important factor, followed by interest rate expectations and spread.