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Rating:Wells Fargo Reports Money Market Fund Loss Not Rated 2.0 Email Routing List Email & Route  Print Print
Friday, February 29, 2008

Wells Fargo Reports Money Market Fund Loss

by: Erin Kello

Yet another firm is reporting money market mutual fund troubles. Reuters reports that in its annual report filed with the SEC, Wells Fargo & Co said it has seen a $39 million loss in its money market funds, due to loss of value in complex debt instruments. Other fund companies that recently encountered the same situation are: BofA's Columbia Funds, Janus, Legg Mason, and Wachovia's Evergreen Investments.  

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