Stepping out to Standard Money Market Funds as Interest Rates Fall
We believe that interest rates in developed markets have peaked, with central banks likely to initiate gradual cuts rather than returning to the near-zero levels seen in recent years. The anticipation of declining interest rates, alongside a resilient macroeconomic outlook and favourable all-in yields, could present one of the best environments for standard money market strategies in the last 15 years, in our opinion.