Ireland Home To Lion's Share Of Offshore Money Funds, Report Reveals
Ireland is the favoured location for the majority of the offshore money market
funds examined in the iMoneyNet Offshore Money Fund Report, it emerged this
week. In new figures released this week, iMoneyNet revealed that of the 252 money
market funds studied, Ireland hosts 159. The fund information firm also revealed
that 39 such funds are domiciled in Luxembourg, and 33 in the Cayman Islands. Ireland is also home to more than half of the assets under management of the
funds examined in the iMoneyNet report. Meanwhile the firm also announced that J.P. Morgan maintained its position as
the largest provider of money funds in both the recent Offshore Money Fund Report,
and the IMMFA Money Fund Report. .
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