The Investment Company Institute's weekly "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets decreased by $13.12 billion to $2.816 trillion for the week ended Wednesday, July 14.... Taxable government funds decreased by $9.11 billion, taxable non-government funds decreased by $160 million, and tax-exempt funds decreased by $3.85 billion." See also, ignites, which writes about the liquidation of Western Asset Money Market Fund and a number of retail Western money funds. The SEC filing says, "The Board of Trustees of Western Asset Money Market Fund, Western Asset Municipal Money Market Fund, Western Asset California Municipal Money Market Fund, Western Asset New York Municipal Money Market Fund and Western Asset Massachusetts Municipal Money Market Fund has approved a plan to liquidate and terminate each of the funds. The plan of liquidation provides that each fund will cease its business, liquidate its assets and distribute its liquidation proceeds to all shareholders of record of that fund. Final liquidation of each fund will occur no later than June 30, 2012 and will be coordinated to coincide with the launch of alternate investment products for cash sweep clients and customers of Morgan Stanley Smith Barney, for which the funds currently serve as sweep vehicles. The liquidation of Western Asset Money Market Fund is expected to occur in multiple stages, commencing with Class I shares in August, 2010."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September