Treasury Money Funds Shun New Investors to Protect Yields, Fees (Bloomberg) Dec. 4 (Bloomberg) -- Money-market mutual funds that buy mostly U.S. Treasuries are starting to turn away new investors as the lowest yields on government debt in 50 years pull down returns for shareholders and squeeze managers? fees.
Investors drain $12B from mutual funds (CNN Money) Money flowed out of mutual funds last week, erasing a spike in deposits from the week before, as market volatility continued to undermine investors' confidence.
