IMMFA brings money market best practices to Asia

Europe-based Institutional Money Market Fund Association (IMMFA) is launching an Asia sub-committee to bring best practices to the region's money market funds. The sub-committee, IMMFA's first outside Europe, will focus on investor education and will initially target Asian investors in EU-domiciled money market funds denominated in US dollars, euro or sterling. "IMMFA felt the need to set up a sub-committee because of the growing interest in money market funds coupled with a lack of…