"Brokers, managers seen sharply cutting SIV risk" says MarketWatch article. A research report by Banc of America Securities' Michael Hecht says asset managers currently hold just 3.1% of assets in structured investment vehicles, or SIVs, and this percentage "should fall to around 1.4% of assets by the end of January, and then to 0.4% by mid-2008". Hecht cites money funds' recent strong inflows, saying, "The sharp increase in inflows in 2007 is a function of not just a flight to quality but also retail money funds' continued yield premium vs. bank deposits."