OppenheimerFunds Enters Institutional Money Market Fund Business. While they'
ve been running money market funds almost as long as funds have been around -- the company runs the $
20+ billion
Centennial Money Market Trust --
OppenheimerFunds has made a recent
push into the institutional money market fund sector. Observers of our daily Top 5 ranking have no doubt noticed the yield on the $
6 billion
Oppenheimer Institutional Money Market Fund E (IOEXX). Our pending issue of
Money Fund Intelligence interviews SVP and veteran portfolio manager
Carol Wolf and VP
Mike Walsh about
Oppenheimer's investment strategies, recent market events and the company's entry into the institutional money market mutual fund business. Oppenheimer'
s conservative investment strategy and experience kept them sheltered from the recent market turmoil. The article also discusses
why some investors are having second thoughts on "portals" in the current environment.