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About Paul

USA

+9 year(s) experience

As an Editor for iMoneyNet, Paul Adams writes focused, well-researched articles about money market mutual funds.

He joined Informa in 2012, and works with the editorial team and management to address money market fund issues for our weekly, monthly, quarterly and occasional publications. He uses his analytical skills to craft editorial about the MMF industry for an audience of informed, engaged C-level financial professionals.

Previously, he was VP Editorial and Production and Managing Editor at Carnegie Communications, a custom-publishing company in Westford, Mass. which he co-owned and managed. The company pioneered the publication of high-quality publications that served the student-recruitment needs of more than 500 U.S. colleges and universities.

Analyst Articles

Articles by Paul

  • iMoneyNet - Money Market Fund Analysis

    The Pandemic’s Slippery Slope for T-F Funds

    By Paul Adams 28 Jun 2021

    iMoneynet

    The 2020 pandemic, and the policy response it generated from the U.S. Federal Reserve, greased an already slippery slope for U.S. tax-free (T-F) and municipal money-market funds. Over the following 16 months, such funds saw both their number and the assets they hold drop to historic lows. From January 2020 – just prior to the global COVID outbreak – to May of this year, the number of tax-free funds tracked by iMoneyNet declined 14%, from 187 to 162. During the same period the assets they manage declined from $141 billion to $92.4 billion, a 35% slump.

    Topic Industry News

  • iMoneyNet - Money Market Fund Analysis

    iMoneynet Monthly Fund Report

    By Paul Adams 22 Jun 2021

    iMoneyNet Monthly Fund Report

    The pandemic-fueled volatility of 2020 had the effect of driving total, taxable, government, and retail U.S. money-market fund assets higher, but it had the opposite effect on the already-struggling tax-free and municipal-fund sector of the industry, reducing the number of tax-free funds by nearly 15 percent since January 2020 and assets in those funds over the same period by 41.7 percent to the lowest levels since iMoneyNet began tracking tax-free fund data in 1981. As of end-May 2021, total assets in tax-free funds stood at $92.4 billion, down from $107 billion in early January and from $141.0 billion in January 2020, just prior to the outbreak of the COVID pandemic, as the table above shows. Similarly, the number of funds fell to 162 on May 31 of this year, a reduction from 185 as the year began and from 187 in early 2020. Read more...

    Topic Industry News

  • iMoneyNet - Money Market Fund Analysis

    iMoneynet Monthly Fund Report

    By Paul Adams 24 May 2021

    iMoneyNet Monthly Fund Report

    Bank of England Governor Andrew Bailey has added his voice and the BoE’s authority to the chorus of regulators, academic researchers, think tanks, and even some fund sponsors – such as Charles Schwab – in arguing for a reconsideration of the role played by MMFs last spring and advocating for additional reforms. In remarks delivered at a U.K. financial conference last week, Bailey explicitly refuted arguments made by MMF defenders that structural vulnerabilities in money funds played no significant or consequential role in last spring’s pandemic-induced “dash-for-cash,” and he committed the Bank – through the Financial Stability Board – to follow through on reforms so as “to avoid history repeating itself yet again.” Read more...

    Topic Industry News

  • iMoneyNet - Money Market Fund Analysis

    Fund News

    By Paul Adams 08 Mar 2021

    Fund News

    As U.S. money-market funds in Q4-2020 underperformed the two prior quarters, so too in January 2021 they underperformed Q4 as the money-fund industry continued its search for a new asset and yield equilibrium. Total assets in January 2021 settled at $4.263 trillion, down 0.2 percent from Q4 2020. Taxable Retail and Taxable Institutional fund assets also fell slightly short of Q4 levels, the former falling to $1.350 trillion in January from $1.354 trillion at end-December 2020 and the latter slipping to $2.808 trillion from $2.813 trillion at end-Q4. Despite the asset drawdown in last year’s second half, total assets remained high in the first month of 2021, up 19.6 percent compared to the year-ago-January total. The average maturity of Taxable funds stood at 47 days, up from 32 days in January 2020; for Tax-Free funds in January, the WAM had descended to 24 days from 32 days in the prior year.

    Topic Industry News

  • iMoneyNet - Money Market Fund Analysis

    Money Market Funds Continue Growth Spurt

    By Paul Adams 13 Aug 2019

    IMN Blog

    The story around the above table is a positive one for money-market funds (MMFs). In the first full month of this year’s second half, U.S. MMFs continued a growth spurt that began almost exactly a year ago (last year’s second half). Total assets, all Taxable assets, and assets in six key MMF categories all increased in July, and the end-of-month totals for all funds and for all Taxable funds reached decade highs, as the story notes.

    Topic Industry News

  • iMoneyNet - Money Market Fund Analysis

    MMX 2017 to Assess Current, Future State of MMF Industry

    By Paul Adams 09 Feb 2017

    MMX 2017 to Assess Current, Future State of MMF Industry

    iMoneyNet’s 19th annual Money-Market Expo will examine the effects of money-market-fund reform on the money-fund industry and on the broader financial system.

    Topic Industry News

  • iMoneyNet - Money Market Fund Analysis

    Experts say US MMFs resilient and poised for growth

    By Paul Adams 27 Dec 2016

    Experts say US MMFs resilient and poised for growth

    Money-market funds demonstrated remarkable resiliency in 2016 to accommodate regulatory reforms that took full effect in October, industry experts told Money Fund Report®.

    Topic Industry News