"Despite rate cut, money funds continue to attract assets" in Investment News

Oct 16 07

"Despite rate cut, money funds continue to attract assets" in Investment News. IN discusses the continued growth in money fund assets and the lack of interest in short-term bond funds, which normally would be benefitting from a falling rate scenario. The article quotes Peter Crane, "Usually, money fund yields drop when the fed funds rate is cut, but that hasn't happened, Mr. Crane said. He noted that they have come down slightly but not enough to reflect the half-point cut."

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