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, December 11, 2008 RiverSource Exec Ponders Sanctity of Money Fund NAVs Should money market managers give up on forever maintaining $1 NAVs? Reuters' Jonathan Stempel reports that RiverSource chief market strategist David Joy is asking that very question to industry insiders. At the Reuters Investment Outlook Summit, Joy warned that "the industry is at least going to open that question to discussion, about whether the $1 is sacred and something that should be maintained at all costs." RiverSource's own money market offering, Cash Management Fund, held about $4.75 billion at the end of the third quarter. Printed from: MFWire.com/story.asp?s=20129 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |