Morningstar Writes "Money Market Substitutes Get Hit by Subprime Woes"

Aug 14 07

Morningstar Writes "Money Market Substitutes Get Hit by Subprime Woes". The Fund Spy article discusses problems with short-term and ultra-short bond funds, which have been hit by mortgage problems (while money funds remain unscathed). The "subprime mess" may "forever dispel investors of the notion" of using these as "money fund substitutes" says the piece.

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