iMoneyNet - Money Market Fund Analysis
02 Feb 2018
Leading the industry in money fund news.
The 4th December Italian Constitutional Referendum provides the next opportunity to stick a thumb in the eye of 'the Establishment'. Ironically, PM Renzi was originally chosen because he did not represent the perceived vested interest.
However, the proposed constitutional changes to the senate are being viewed as a window to further globalization. Just the sort of policy which has given rise to so-called political populism characterizing the UK "Brexit" vote and the U.S. election.
This report is shaped by our conversations with market participants on pre-vote positioning and what to watch for in risk markets.