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Fitch: Fund Managers Brace for Rate Hikes and Reform; Shadow NAVs Come Into Focus

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NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: U.S. Money Market Funds Quarterly: 2Q15https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=869623 With approaching interest rate hikes and money fund reform, fund managers continue to make changes to their product line-ups and portfolios, according to a new Fitch Ratings report. Anticipated increases in U.S. interest rates are pushing money funds across the board to shorten portfolio maturities to take advantage of hi

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