UK Pub writes "Cash on Tap"
The U.K.-based Investors Chronicle writes about money funds in "Cash on Tap". The article describes the basics of money funds, saying, "But cashing in stock market investments and putting your money in the bank is not always convenient or the best option. This is where money market funds come into their own." On recent troubles in the U.K., which doesn't have U.S.-style regulations, IC says, "However, although low-risk, money market funds are not risk-free. Standard Life and Threadneedle recently reported losses in their money market funds [sic] and had to restructure their funds in the wake of the credit crunch. At the start of May, the L450m Threadneedle UK Money Securities fund, billed as an ultra-safe alternative to cash ... was down almost 4 per cent."
