New Batch of Fund Filings From Fidelity, Dreyfus, ING, Bishop Street. Another batch of new money fund launches is imminent with
Fidelity Institutional MM about to add
Class IV (0.70% expense) shares to its existing I, II, and III class offerings for
Treasury, Treasury Only, and Prime money funds. New super-
premium
Fidelity Institutional Money Market - Institutional and
FIMM Prime MM Inst, with expense ratios of 0.
14% and $
10 million minimums, are also poised to launch. Other new filings, brought to us by
Strategic Insight's Simfund Filing, include:
ING Institutional Prime MM IS (
0.
20% expense, $
10 mil. min.); the internal
Dreyfus Inst Preferred MM Institutional (0.14% expense), Reserve (0.16%), Hamilton (0.19%), Agency (0.29%) and Premier (0.44%) classes (
possibly in preparation for a BNY Hamilton fund merger); and,
First Hawaiian Bank-
affiliated
Bishop St. Tax Free Money Market.