Denver Post's "Out of the frying pan to little gain"

Feb 17 08

Denver Post's "Out of the frying pan to little gain" says, "Investors, many fleeing the stock market, have poured $215 billion into money market funds so far this year. That's grown the base of assets in these funds to a record $3.36 trillion. Unfortunately, all that cash is producing less income as the Federal Reserve has been cutting short-term interest rates, says Peter Crane, who runs Crane Data, a tracker of money funds. The average yield is 3.64 percent, down from September's 5.06 percent." Also, see Jane Kim of The Wall Street Journal's "Good Deals for Income Investors".

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