Tuesday, 2 February 2010

Moneynews

Breaking News from Moneynews.com

New Rule: Money Market Funds Can Keep Your Cash


Be careful how much cash you put in your money market fund. The Securities and Exchange Commission has passed a new rule that allows the funds to prohibit redemptions in times of duress — as happened only a year ago to a few big funds whose depositors believed they were “as safe as cash.”


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