MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, March 25, 2008 Money Funds Struggle with Falling Returns The Fed's generous interest rate cuts are not a boon for everyone, money-market fund sponsors are having to take action to remedy falling returns. The Financial Times reports that Dreyfus and Evergreen Investments have both waived the management fees on their funds to bolster returns. However, investors seem undeterred: they poured $1.7 billion into money-market funds in the week ended March 18. Printed from: MFWire.com/story.asp?s=17768 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |