Invesco Aim confirmed acceptance of Money Market Funds in U.S. Treasury Department's Temporary Guarantee Program. Legg Mason's Western Asset Management, Federated Investors, First American, and American Century have also confirmed acceptance. Other funds should be hearing shortly. Invesco Aim's statement says, "Invesco Aim has been informed that the applications submitted for each of its SEC-registered 2a-7 money market funds to participate in the U.S. Treasury's Temporary Guarantee Program have been accepted. The Temporary Guarantee program provides coverage to fund shareholders for amounts up to the amounts they held in Invesco Aim's money market funds - both retail and institutional - as of the close of business on September 19, 2008. The program will exist for an initial three-month term, ending Dec. 18, 2008, after which the U.S. Secretary of the Treasury will review the need and terms for extending the program. For more information about the Temporary Guarantee Program, please refer to the information posted on the U.S. Department of Treasury's web site at"

Email This Article

Use a comma or a semicolon to separate

captcha image