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Blackrock to close some money-market funds: Dow Jones

A car drives past a BlackRock billboard ad in Hong Kong.
Dale de la Rey | Bloomberg | Getty Images
A car drives past a BlackRock billboard ad in Hong Kong.

Blackrock plans to close or consolidate some money market funds, reported Dow Jones on Monday.

As part of the move, Blackrock will reduce its money funds to about 30 from 50. The shift will impact more than $200 billion in assets.

To read the full Dow Jones story, click here.