The Wall Street Journal Writes "SIV Exposure Seen at Some Money Funds"

Dec 04 07

The Wall Street Journal Writes "SIV Exposure Seen at Some Money Funds". The Journal writes, "Funds recently holding some of the SIVs include some from Barclays PLC's Barclays Global Investors; UBS AG; Charles Schwab Corp.; Deutsche Bank AG; BNY Hamilton Funds and Morgan Stanley. The funds range in asset size from $2 billion to $36 billion, and hold about 1% to 2% of their investments in some of the SIVs." No funds have "broken the buck" and, given the small sizes of positions, advisors "do not expect these positions to have any adverse impact on the NAVs".

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