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

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

Rating:Financial Advisers Fear a Money Fund Exodus Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 10, 2013

Financial Advisers Fear a Money Fund Exodus

News summary by MFWire's editors

Financial advisers are concerned investors will free from money market funds en masse if SEC begins reforms increasing money fund stability, InvestmentNews reports.

One rule would require prime institutional funds would be required to to have NAVs that changed according to the market that day and the other rule would restrict redemptions and charge withdrawal fees for all funds. The two proposals may be combined.

Financial advisers worry stems from the idea that a floating NAV would make money market funds less attractive as a place to park cash. The level of safety and liquidity that attracts investors to these funds wouldn't be there. The trade pub quoted a speech delivered last week by Chris Donahue, president and chief executive of Federated Investors [profile], a major money market mutual fund shop: “If there is a floating NAV on prime institutional money funds ... then those people are going to be out of the money fund,” Donahue reportedly said at a KBW conference. 

Edited by: InvestmentWires Staff, 

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

 Do You Recommend This Story?

Return to Top
 News Archives
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use