Crane Data Subscribers
April MFI: Western Asset's Kevin Kennedy Bullish on Money Market Funds. Money Fund Intelligence's most recent monthly fund profile, "Best of Western: Citi Institutional Liquid Reserves", quotes manager Kevin Kennedy: "Institutional funds are certainly an attractive alternative in today's current yield environment. There just aren't that many options unless you are willing to make an aggressive interest rate bet, or step down in credit quality. With the Fed unlikely to be extremely active this year, we believe that corporate treasurers and other large institutional cash investors will be quite satisfied with the steady 5% to 5.25% yields offered by the funds."
