Vanguard recently published a piece entitled, "The buck stops here: Vanguard money market funds". It says, "There's been a good deal of discussion about money market funds among policymakers, pundits, and investors during the past several years, and the Securities and Exchange Commission has been considering additional changes to its money market regulations since 2010. However, on August 22, it was reported that the SEC is unlikely to move forward with those proposals at the current time. Regardless of any possible regulatory changes, Vanguard is fully confident in the stability and liquidity of our money market funds. In this commentary, we outline the principles underlying the management of Vanguard money market funds and explain why our confidence in these funds is undiminished.... Low expense ratios, high standards for managing credit, expert credit analysis, conservative fund management, and guarding against disruptive redemption activity are central to Vanguard's approach to money market funds. The SEC's amendments in 2010 to Rule 2a-7 are consistent with how Vanguard has managed its money market funds for many years. Our practices enhanced our ability to manage our taxable and tax-exempt money market funds during the financial crisis. We believe our consistent focus on maintaining these core principles continues to make Vanguard money market funds a high-quality and liquid investment for our clients."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
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