Money fund portfolio managers doubt that recent problems in the sub-prime mortage sector will spread as far as money funds. CDs, CP and ABCP are likely immune, but a broader contagion could possibly impact some extendible asset-backed commercial paper and secured liquidity notes. Problems with HSBC's Household unit, New Century, and Washington Mutual could become an issue, though at this point it seems that money funds' stringent quality, maturity and diversity regulations should protect them from harm. Money fund plus and enhanced cash funds, too, should be safe for now, though managers and investors continue to monitor the situation.

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