Fundsters interested in the changing money market mutual fund business may to take a look at Bloomberg
. Christopher Condon reports
on the impact of new SEC
regs requiring money funds to reveal shadow NAVs.
Some money fund managers are already feeling pain as they maintain the sacrosanct $1 NAV; Bloomberg notes that Schwab
] pumped $132 million into its money funds last quarter while T. Rowe Price
] plans to pour $17 million into its money funds this quarter.
"The reforms may usher in an era of micro-bailouts," Crane Data
president Peter Crane
Neil Anderson, Managing Editor
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