"​Money market funds reel as yields near zero" writes the Financial Times. The article says, "Money market funds, an increasingly popular place to park cash, will need to raise fees or close to new money to remain profitable as yields hover at near-​zero, according to industry managers. The funds, which manage $​3,​800bn and have seen big cash inflows, are reeling from frozen credit markets, subprime exposure and a crisis of confidence triggered by one fund '​breaking the buck', or returning investors less than they paid in."

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