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Destroying Money Market Funds In Order To Save Them
Perspectives Content Submission
Wed, 13 Jun 2012
A 1968 battle for a South Vietnamese provincial capital, Ben Tre, gave rise to one of the most famous quotations of that unfortunate war. “We had to destroy the town in order to save it,” a U.S. Army major reportedly told Associated Press reporter Peter
Morningstar's Christine Benz and Miriam Sjoblom debrief investors on the floating NAV, capital buffer, and redemption restriction proposals formoneymarketfunds .
As economic concerns weighed, taxable- bondfunds were the strongest asset gainers in May, but their inflows were only about half what they were the prior month, says Morningstar's Kevin McDevitt.