Money market funds

Money market funds (MMFs) invest in short-term assets with an investment objective to offer return in line with money market rates and/or preserve the value of the investment. Money market funds can be structured as UCITS or as alternative investment funds (AIFs).

Three types of money market funds exist under the Money Market Fund Regulation: public debt constant net asset value funds, low volatility net asset value funds, and variable net asset value funds (VNAV) (which can be short-term VNAV or standard VNAV).

Our clients

Our firm advises clients from all over the world in the structuring of UCITS and AIF MMFs and in arranging the most suitable legal and operational framework for an MMF, taking into account investors’ needs.

Our services

Our team can assist with the key steps involved in structuring MMFs, including:

• Selecting the most suitable and strategically aligned legal structure for the MMF project
• Establishing a comprehensive governance and management framework
• Drafting the legal documentation required for the set-up of MMFs
• Drafting and negotiating agreements
• Navigating the compliance and regulatory landscape while safeguarding client interests
• Ongoing assistance in relation to all legal, regulatory and tax matters, and in solving day-to-day issues while ensuring legal and regulatory compliance
• Advising on compliance with all sustainability-related laws and regulations (such as SFDR and the Taxonomy Regulation)
• Legal and regulatory updates and customised training on regulatory topics