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

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

Rating:Money Fund Revenues Fell 65 Percent Over the Past Three Years Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 19, 2011

Money Fund Revenues Fell 65 Percent Over the Past Three Years

News summary by MFWire's editors

The Wall Street Journal has an article today about the pressures facing money market mutual funds amid the backdrop of declining interest rates. The pub notes the funds, which generated $13 billion in fees in 2008, saw their revenues fall by 65 percent over the past three years.

The pressures have triggered fee waivers, fund consolidations and closures. The WSJ obtained comments from PayPal, which last month shuttered a $485.9 million money fund, and Natixis, which in February liquidated a $137 million fund.

At the end of 2010, there were 652 money market funds in existence, down from 805 at the close of 2007, according to ICI data.

Meanwhile, the article notes that money funds recently saw a jump in inflows as investors sought refuge from the stock market turmoil. 

Edited by: Armie Margaret Lee


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use