With more than 15 years experience, her responsibilities include the management of taxable institutional and retail money market funds
with assets totaling more than $40 billion as well as trading fixed-income securities.
Under the amendments to Rule 2a-7, effective October 14, 2016, institutional prime and municipal money market funds
are required to price and transact shares of such funds at a floating NAV.
Money market funds
typically invest in government bills, very short-term bank certificates and other loans that are highly rated liquid which means the assets can be turned into cash quickly - and offer daily redemption.
money market funds
followed, and many other funds had to be supported by their sponsors.
com, a Web-based provider of money market funds
In the FSA, the taxpayer was a large commercial bank that served as the investment adviser for a family of proprietary mutual funds, including two money market funds
that the taxpayer had acquired in a merger with another bank.
Money market funds
were the launching pad for the whole mutual fund business,'' said Bruce R.
NEW YORK -- Alpine Municipal Money Market Fund
is assigned a money market fund
rating of 'AAA/V1+' by Fitch Ratings.
The following Invesco money market funds
will operate consistent with the government money market fund
Fidelity Senior Vice President Robert Pozen said the company did not intend for the insurance program to guarantee its money market funds
against all losses.
In keeping in line with Fitch's recently revised money market fund
rating criteria, funds invested in less than 5% of Tier II equivalent securities may be eligible for an 'AA' rating following a case-by-case assessment of the credit quality of such holdings.
Vanguard has managed money funds for 40 years as an integral part of its product lineup, and currently holds more than $174 billion in both taxable and tax-exempt money market funds