"Money-market funds keep growing as investors wait" writes The Arizona Republic's Russ Wiles. He discusses a "whole lot of cash sloshing around the world right now and quotes our MFI story "SIV Threat Recedes." The piece says, "It is perhaps notable that money funds, despite their low yields, now look more secure than they did many months ago, during the worst of the credit crunch. Back then, many money-market funds had stakes in shaky instruments known as structured-investment vehicles, but that danger has largely passed, said Peter Crane, president and publisher of the Money Fund Intelligence newsletter in Westboro, Mass." He adds, "No investors in money funds have lost even a penny over the past 13 months, during a period when 13 banks failed. But the main reason investors have piled into money funds and other ultraconservative investments doesn't have anything to do with SIVs and everything to do with heightened stock and bond volatility."
