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Producer of Money Fund Symposium
Time writes "Why Reform Will Push Money Market Fund Yields Even Lower". The article says, "Left for dead in August, the effort to reform money market mutual funds is getting a renewed boost. The stable $1 share price may be a casualty. Here's why reform would push the low yields on these funds even lower.... But with money market reform back on the table, lower yields may indeed -- seemingly against all odds -- be in store. Collectively, the 56 million savers in these funds have a lot at stake. Even a miniscule rate cut in a $2.6 trillion market could amount to more than $2 billion in lost income each year. Despite their pathetically low yields, money market mutual funds remain a popular place for both individuals and institutions to park cash over short periods; they are regarded as a safe and highly liquid alternative to similar bank products that may yield more but are saddled with minimums and restrictions."

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