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(AFX UK Focus) 2008-11-20 18:45 UPDATE 1-Oct money market inflows help US funds reverse loss (Interactive Investor)
BOSTON, Nov 20 (Reuters) - Investors flocked to money- market funds in the United States in October to escape battered stock and bond markets, helping to reverse the record outflows of the previous month, data showed. U.S. mutual funds posted net inflows of $38.4 billion in October compared with outflows of $104.4 billion during the previous month, research firm Lipper Inc said in a report ...
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Treasury to backstop money market mutual fund (WSLS Newschannel 10 Roanoke)
WASHINGTON (AP) - The Treasury Department on Thursday said it is prepared to buy assets from a troubled money market mutual fund, part of an effort to prevent any disruptions to already fragile financial markets.
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Oct money market inflows help US funds reverse loss (Reuters via Yahoo! Philippines News)
* Money-mkt Oct inflows 2nd biggest in 15 years
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Treasury to backstop mutual fund (San Francisco Chronicle)
The Treasury Department on Thursday said it is prepared to buy assets from a troubled money market mutual fund, part of an effort to prevent any disruptions to already fragile financial markets. The department has agreed to be a buyer of last resort to assist...
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US Treasury to backstop mutual fund (Boston Herald)
WASHINGTON - The Treasury Department today said it is prepared to buy assets from a troubled money market mutual fund, part of an effort to prevent any disruptions to already...
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Treasury to backstop mutual fund (Fort Worth Star-Telegram)
By JEANNINE AVERSA The Treasury Department on Thursday said it is prepared to buy assets from a troubled money market mutual fund, part of an effort to prevent any disruptions to already fragile financial markets. The department has agreed to be a buyer of last resort to assist in the liquidation of the Reserve Fund's U.S. Government Fund due to "unique and extraordinary circumstances." Under ...
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Whatever You Do, Avoid Mutual Funds (The Motley Fool)
Funds can bring you a world of hurt, so be careful.
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(AFX UK Focus) 2008-11-20 20:27 US Treasury steps in to backstop money market fund (Interactive Investor)
WASHINGTON, Nov 20 (Reuters) - The U.S. Treasury said on Thursday it will buy up to $5.6 billion in securities from The Reserve Fund's U.S. Government Fund to aid the money market fund's liquidation under a federal guarantee program. Under the "extraordinary" action, the Treasury said it will become the buyer of last resort for the fund's assets, purchasing them at amortized cost to ensure that ...
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Plunging stocks lead to start of layoffs at mutual funds (USA Today)
Faced with a soul-searing bear market and record outflows, funds are starting to lay off workers. And, although few have been sent packing lately, many mutual fund managers will be scanning the want ads soon, too.
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Will Your Money Market Fund Break The Buck? (Investopedia via Yahoo! Finance)
These funds are noted for their safety in a rough market. Read on to find out why.
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