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Rating:T. Rowe and Schwab Pour $149M Into Money Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 09, 2010

T. Rowe and Schwab Pour $149M Into Money Funds

News summary by MFWire's editors

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 [see profile] pumped $132 million into its money funds last quarter while T. Rowe Price [see profile] 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 told Bloomberg. 

Edited by: Neil Anderson, Managing Editor


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