"Scouring For Subprime In Client Holdings"

Jan 10 08

"Scouring For Subprime In Client Holdings" on CNNMoney (via Dow Jones). The article illustrates some misinformation floating about among advisors. It adds, "In the historically rare event that a money fund's net asset value drops below $1, bailouts from the fund sponsor are typical, but not guaranteed. Clients could fume if a fund company ever declines to rescue a stumbling money market fund."

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