"Cash yields keep investors scrambling"
Cinncinnatti's Business Courier writes "Cash yields keep investors scrambling". It says, "Any investor who has socked away money in a bank account, certificate of deposit or money market fund knows how minuscule those returns are. Money markets are yielding 0.1 percent or so, banks are typically paying that or less, and investors are essentially getting nothing for the cash savings. Thank the incredibly low Federal Reserve rates designed to boost the economy. So what can an investor do? Alternatives do exist, but they often come with slightly added risk or at a higher cost." The article adds, "Then, there's always the option of just sticking with a money market and hoping for the best. Touchstone has one of the nation's best-yielding funds for institutional investors. The Touchstone Institutional Money Market Fund yields 0.28 percent, ranking fourth nationally, according to Westborough, Mass.-based Crane Data." The piece quotes fund manager John Goetz, "It's kind of tough to get excited when you have yields like this."
