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, February 5, 2009 Funds Flow Out As Money Fund Yields Fall Further $7.82 billion flowed out of money market funds in the week ended Tuesday, and it looks like continued low yields are to blame. The Wall Street Journal reports on the latest data from iMoneyNet's Money Fund Report, which saw seven-day money fund yields stay below 50 basis points for a second week in a row (and also only the second time since iMoneyNet starting tracking rates in 1975). Most of the outflows were concentrated in government money funds, which witnessed $15.8 billion walk away. Printed from: MFWire.com/story.asp?s=20669 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |