Peter G. Crane on "Choosing a Money Market Fund?" for GTNews.com.
Crane Data LLC founder and president
Peter Crane writes today on
GTNews.com "Choosing a Money Market Fund: Is Yield the Only Consideration?". The article
gives tips on differentiating between money market mutual funds, and mentions recent troubles, saying, "
While money market funds may have exposure to mortgage- and collateralised debt obligation- (
CDO-) backed asset-
backed commercial paper or asset-
backed securities (
ABS), it is unlikely that any funds will see any losses related to recent market troubles.
The odds of a fund 'breaking-the-buck', or dropping below its US$1.00 a share, remain practically nil, given money fund's strict mandates of quality and diversity."