"Money-Market Funds Reassure Investors" Says WSJ

Oct 31 07

"Money-Market Funds Reassure Investors" Says WSJ. The article says, "Some advisory firms have taken action to buy back troubled securities that could have become unsuitable or, at worst, caused funds to 'break the buck,' or drop below the $1 share price they strive to maintain." It quotes Peter Crane, on "record inflows in the third quarter" and notes, "Assets in the funds are approaching $3 trillion." It also quotes Susan Wyderko of Mutual Fund Directors Forum, saying "she is aware of a number of money-market funds at which ... have taken action to moderate the impact of decreases in the value of the funds. In these cases, the advisers have purchased securities, taking the losses upon themselves."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024
May
April
March
February
January
2023
December
November
October
September
August
July
June
May
April
March
February
January
2022
December
November
October
September
August
July
June
May
April
March
February
January
2021
December
November
October
September
August
July
June
May
April
March
February
January
2020
December
November
October
September
August
July
June
May
April
March
February
January
2019
December
November
October
September
August
July
June
May
April
March
February
January
2018
December
November
October
September
August
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
May
April
March
February
January
2013
December
November
October
September
August
July
June
May
April
March
February
January
2012
December
November
October
September
August
July
June
May
April
March
February
January
2011
December
November
October
September
August
July
June
May
April
March
February
January
2010
December
November
October
September
August
July
June
May
April
March
February
January
2009
December
November
October
September
August
July
June
May
April
March
February
January
2008
December
November
October
September
August
July
June
May
April
March
February
January
2007
December
November
October
September
August
July
June
May
April
March
February
January
2006
December
November
October
September