"​Say goodbye to money funds" writes Robert Gordon in an editorial in Investment News. The piece says, "From the signs that are emerging, I predict that the $​3-​trillion-​plus money market fund business will disappear in its present form and that existing funds either will come under banklike regulation or become ultrashort-​term-​bond funds with fluctuating net asset values." Gordon cites the possible expiration of the Treasury'​s money fund guarantee, the need for bank deposits, and the recent Group of 30 report as negatives. He also (​erroneously) claims, "The money fund business is hurting. Money fund sponsors aren'​t making any money now with interest rates this low; most need to waive fees to keep the returns to investors from going negative."

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