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Rating:Muni Funds Turn to Taxable Securities Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 13, 2008

Muni Funds Turn to Taxable Securities

by: Armie Margaret Lee

In Wednesday's Wall Street Journal Fund Track column, Diya Gullapalli and Tom Lauricella wrote that at least three municipal money market funds have purchased taxable securities due to the turmoil in the municipal bond market. TD Asset Management USA Funds bought Treasurys and other taxable securities for three municipal money market funds in the latter part of last year. It's not clear whether other fund firms have made similar moves.  

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