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 |
|
Thursday, September 17, 2009 The Expiration of the Money Fund Guarantee Looms Will next week be a tough one for money market funds? The Wall Street Journal's Eleanor Laise ponders what the impending end of the federal money market guarantee program (scheduled to switch off on Friday) combined with low yields will mean for money fund shareholders. Federated Investors CEO J. Christopher Donahue told the WSJ that he's not worried, though he expects fee waivers to cost Federated $22 million in operating income in the third and fourth quarters; Charles Schwab anticipates waivers of $80 million in the third quarter alone. "I don't think people are hanging around to the end to play musical chairs," Donahue told the WSJ. iMoneyNet and Peter Crane also gained some ink in the article. Printed from: MFWire.com/story.asp?s=22635 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |