MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, September 19, 2008 Investors Continue to Bolt for Money Fund Exits In the Friday edition of the Wall Street Journal Fund Track, Diya Gullapalli, Shefali Anand and Eleanor Laise focus on the continued withdrawals from money market funds and government efforts Thursday night to cover money market funds with a variation of the federal deposit insurance provided to banks. (The announcement from The Treasury did not come out until Friday morning.) Investors continued to pull money out of some money funds on Thursday, after withdrawing $78.7 billion from large funds on Wednesday, $33.7 billion on Tuesday and $13 billion on Monday. Printed from: MFWire.com/story.asp?s=19372 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |