Rating Category: Investment Managers
Rating Release
Agusto & Co. affirms the “A(f)-“ rating assigned to AXA Mansard Money Market Fund
The rating expires on 31 December 2019.
The Rating assigned to AXA Mansard Money Market Fund (the Fund or AXA MMF) reflect the Fund’s conservative guidelines with respect to credit and liquidity risk, with an average of 76% of net assets held in FGN securities. However, we note that the Fund occasionally exceeded the 90-day regulatory WAM limit prescribed for money market funds.
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