​ "​Money Market Funds Intensify Their Focus On Safety And Liquidity". Standards & Poor'​s says "money fund managers are taking actions that emphasize safety and liquidity" in the current environment. A new report states, "For about the past month, portfolio managers have not invested in many asset-​backed securities, and almost all had stopped buying extendible asset-​backed commercial paper (​XABCP).... Many managers have also put internal restrictions on the purchase of CP offered through collateralized debt obligations (​CDOs) and CP offered out of structured investment vehicles (​SIVs). Recently, as the market has shown signs of stabilizing, several fund managers have resumed buying some traditional ABCP securities and well-​established extendible ABCP with very short maturities." The report says no money funds have been downgraded and no funds have experienced a run on assets.

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