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 |
|
Monday, April 22, 2013 The Boston Fed Head Still Fears a Money Fund Run It could get bad again in the money fund market, at least according to one expert. The president of the Federal Reserve Bank of Boston, Erick Rosengren, told Forbes that there could still be runs on money market mutual funds, like in 2008. The reason? These funds have "no capital" and primarily invest in uninsured short term securities, he told the magazine. Forbes reported that as of April 13, there was $903.56 billion in retail money market funds sponsored by Fidelity, T. Rowe Price, Dreyfus, Invesco. among other firms. Read more on Rosengren's concerns in Forbes. Printed from: MFWire.com/story.asp?s=43663 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |