CHICAGO--(BUSINESS WIRE)--Fitch Ratings has withdrawn its 'AAAmmf' rating on prime money market fund Virtus Insight Money Market Fund due to the fund's planned liquidation. Virtus Insight Money Market Fund was sponsored by Virtus Investment Partners, Inc. and managed by BMO Asset Management Corp. The fund redeemed all of its shareholders' assets at a net asset value per share of $1.00 on Oct. 20, 2014.
Fitch notes that prior to the withdrawal the Virtus Insight Money Market Fund met Fitch's published criteria for 'AAAmmf' rated money market funds. Fitch will no longer provide analytical coverage for this fund.
Additional information is available at 'www.fitchratings.com'.