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Money Funds' New Rules Could Mean Lower Payout.

Authors :
Kim, Jane J.
Laise, Eleanor
Johnson, Fawn
Source :
Wall Street Journal - Eastern Edition. 1/28/2010, Vol. 255 Issue 22, pC1-C16. 2p.
Publication Year :
2010

Abstract

The article discusses rules issued by the U.S. Securities and Exchange Commission (SEC) that could force money-market funds to reduce the interest they pay to investors. Funds will be required to hold a greater fraction of liquid, low-risk assets than previously. The SEC hopes to avoid a situation similar to a 2008 crisis that struck the Reserve Primary Fund.

Details

Language :
English
ISSN :
00999660
Volume :
255
Issue :
22
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
47734957