MarketWatch says "Analyst sees Schwab unwinding SIVs in money markets"

Dec 07 07

MarketWatch says "Analyst sees Schwab unwinding SIVs in money markets: But no threat to credit risk of its money markets seen". "Despite an estimated exposure of some $8 billion in potentially risky structured investment vehicles in September, assets at six money market funds run by Charles Schwab don't appear to be in any immediate danger of being pulled down by the ongoing meltdown in credit markets," says the article, citing research by Sanford Bernstein. "Like other large mutual fund complexes, Schwab is unlikely to ever allow its funds to drop below a dollar," the article quotes analyst Brad Hintz.

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