Money market mutual funds safe (The Huntsville Times) Friday's news that the Treasury Department would step in to keep money market mutual funds from going bust had many investors wondering if it was time to panic about what have historically been safe investments.
U.S. offers to insure money market mutual funds (Los Angeles Times) The move is intended to halt a run on the funds in the wake of the Lehman Bros. collapse. Investors with their nest eggs stashed in many money market mutual funds will soon have a U.S. government safety net akin to what bank depositors have long enjoyed.
Feds to guarantee money market mutual funds (San Francisco Chronicle) Hoping to stem a mass exodus from money market mutual funds, the Treasury Department said Friday that it will guarantee most money funds for one year. The guarantee covers most retail and institutional funds except government funds that invest only in...
Shrinking Money-Market Mutual Funds (Washington Post) How the mighty flows have shifted! Last year, investors were rushing into money-market mutual funds as a safe haven in the escalating credit crisis. In November, for example, $25.2 billion poured into the investments, helping propel the year to a record inflow. Then the tide changed. Concerns gre...
Government to insure money market mutual funds (Baltimore Sun) The Treasury Department announced yesterday that the government for the first time will insure money market Mutual Funds to discourage investors from pulling trillions of dollars from a bedrock investment that isn't supposed to lose money. Investors flock back for second day of market rally
