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Rating:Money Funds Struggle with Falling Returns Not Rated 1.0 Email Routing List Email & Route  Print Print
Tuesday, March 25, 2008

Money Funds Struggle with Falling Returns

by: Erin Kello

The Fed's generous interest rate cuts are not a boon for everyone, money-market fund sponsors are having to take action to remedy falling returns. The Financial Times reports that Dreyfus and Evergreen Investments have both waived the management fees on their funds to bolster returns. However, investors seem undeterred: they poured $1.7 billion into money-market funds in the week ended March 18.  

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