Investment News writes "Loan fiasco leads to money fund concerns"

Dec 17 07

Investment News writes "Loan fiasco leads to money fund concerns". The article gives limited anecdotal evidence of some advisors moving to Treasury funds, and discusses enhanced cash. "Peter Crane, president and chief executive of Crane Data LLC of Westborough, Mass., is worried that confusion between money market funds and other cash-management investments will hurt the money market industry." Crane tells IN, "Thankfully, investors have been astute enough to know the difference to date. Money continues to move in to money markets whereas it's moving out of these other sectors." See also, IN's article on ultra-short bond funds and Schwab HighYield Plus Select Fund (SWYSX).

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