Investors to benefit from lower management fee
The U.S. Treasury Department announced an extension of its guarantee program for money market funds until April 30, 2009. All money market funds that currently participate in the program and meet the extension requirements are eligible to continue to participate, it said. Funds that currently are not participating in the program are not eligible to […]
With no relief in sight for woeful financial markets, many jittery Canadians have been cashing out — even liquidating money market mutual funds, once seen as a safe haven. A major destination for all this cash seems to be personal savings and chequing accounts and GICs. As of August (the most recent month for which […]
MMIFF should improve liquidity position of money market investors
The tumultuous events of the past few weeks have clients thinking about liquidity and safe parking spots for cash
Canadians likely missing out on billions in investment opportunities
Holdings posted on companys' public Web sites
Money market funds account for $1.14 billion of exposure
Assets under management reach US$2.7 trillion