The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Expiration of the Money Fund Guarantee Looms Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, September 17, 2009

The Expiration of the Money Fund Guarantee Looms

News summary by MFWire's editors

Will next week be a tough one for money market funds? The Wall Street Journal's Eleanor Laise ponders what the impending end of the federal money market guarantee program (scheduled to switch off on Friday) combined with low yields will mean for money fund shareholders.

Federated Investors CEO J. Christopher Donahue told the WSJ that he's not worried, though he expects fee waivers to cost Federated $22 million in operating income in the third and fourth quarters; Charles Schwab anticipates waivers of $80 million in the third quarter alone.

"I don't think people are hanging around to the end to play musical chairs," Donahue told the WSJ.

iMoneyNet and Peter Crane also gained some ink in the article. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use