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 |
|
Tuesday, June 17, 2008 Closed-Enders Inch Closer to Auction-Rate Fix Those keeping tabs on the the goings-on in the closed-end fund world would find Tuesday's Wall Street Journal Fund Track column of interest. In it, Daisy Maxey writes about two regulatory actions -- a Treasury Department notice and an SEC decision -- that pave the way for investment management firms to a create a new form of security that could be bought by money-market funds and used to rescue holders of auction-rate preferred shares that have been unable to sell their shares. Printed from: MFWire.com/story.asp?s=18555 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |