U.S.-BASED MONEY MARKET FUNDS POST $4.1 BLN OUTFLOWS OVER WEEKLY PERIOD; SECOND CONSECUTIVE WEEK OF OUTFLOWS- LIPPER.» Read More
BOSTON, Sept 17- There will be no champagne corks popping in the $2.7 trillion U.S. money-market fund industry. An interest rate increase would have boosted money fund yields while allowing money fund providers such as Fidelity Investments, JPMorgan Chase& Co Inc, BlackRock Inc and Federated Investors Inc to boost fees. Prime institutional funds had $986...
The final rule by the Securities and Exchange Commission was required under the 2010 Dodd-Frank Wall Street reform law. The SEC had previously adopted new regulations to strip references to ratings out of some of its other rules. In their place, the SEC said, a money market fund will now be limited to investing in securities that present "minimal credit risks" and...
Aug 21- Goldman Sachs Group Inc fund managers believe investors could pour $450 billion into money market funds that invest in U.S. government debt in response to new rules for the short-term funds, an executive told Reuters. Goldman Sachs joins other asset management firms in preparing for the rules, which are designed to protect investors from extreme market...
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