​ Fidelity Will Be "​Proactive in Keeping Our Money Market Funds Safe". Fidelity Investments released a statement to its money fund investors addressing recent market concerns. The company says, "​Despite the recent volatility we'​ve experienced in the credit markets, we are very comfortable with all our holdings in the money market funds.... Importantly, we have been -- and will continue to be -- proactive in keeping our money market funds safe and protecting the $​1.​00 net asset value (​NAV), which has always been our objective when it comes to managing money market funds." It adds, "​Fidelity'​s taxable money market funds do not own any subprime mortgage securities.... Given the rigors of SEC requirements for money market funds and our own process for evaluating credit risk, we do not feel that the turbulence in the market for subprime mortgage debt is placing any of our money market fund holdings at risk."

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