Standard & Poor’s has bestowed on two new money market funds its highest money market rating, AAAm. The AARP Money Market Fund and the Goldman Sachs Yen Liquid Reserves Fund are the latest in a series of money market funds to receive this rating.
The Goldman Sachs Yen Liquid Reserves Fund was launched May 1 and is the first yen-denominated fund that S&P has rated. The fund will invest in typical money-market instruments that are yen-denominated, with a 60-day or less weighted average maturity. The fund is part of a group of rated U.S. dollar, euro, and British pound money market and short-term subfunds from Goldman Sachs Funds, PLC, which is registered in Dublin.