"Money Funds Have Weathered Stormy Market, So Far" Arizona Republic. The Sunday article quotes Pete Crane saying, "The current crisis for money markets is beginning to resemble 1994 in scope and magnitude, though nobody has broken the buck and the odds are against it." It adds that Liz Ann Sonders, chief investment officer of Charles Schwab, says "[S]he too sees very little risk of any funds breaking the buck." We also told the AZ Republic that money funds have the benefit now of both rising asset levels, which dilute any problems with selected securities, and falling short-term interest rates, which raise the value of the remaining portfolio securities.

Email This Article

Use a comma or a semicolon to separate

captcha image