It could get bad again in the money fund market, at least according to one expert.
The president of the Federal Reserve Bank of Boston, Erick Rosengren
, told Forbes
that there could still be runs on money market mutual funds, like in 2008.
The reason? These funds have "no capital" and primarily invest in uninsured short term securities, he told the magazine.
reported that as of April 13, there was $903.56 billion in retail money market funds sponsored by Fidelity
, T. Rowe Price
. among other firms.
Read more on Rosengren's concerns in Forbes
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