Investors Losing Interest in Chinese USD "Money Funds"

Feb 16 07

Bloomberg reports that China Merchant Bank's "Global Select Money Market Fund" has shown negative returns due to yuan appreciation since its inception Nov. 1. Bank of China has abandoned its US Dollar Return Enhanced Fund. (True "money market funds" like U.S. ones can't take currency risk.)

Email This Article




Use a comma or a semicolon to separate

captcha image