Japanese Prime Minister Keizo Obuchi called Tuesday for the disclosure of short-term investment funds
and agreed with Malaysia's Prime Minister Mahathir Mohamad to raise the matter at the APEC summit.
([dagger]) Includes guaranteed investment contracts (GlCs), pooled GlCs, separate account GlCs, synthetic GlCs, traditional bank investment contracts and short-term investment funds
(Although GlCs have come under fire in the past year, Buck's Richard Koski said he did not expect this to have an appreciable impact on the percentage of 401 (k) plan sponsors that will offer GlCs as an investment option "Sponsors want to have a fixed-income type of vehicle under their plans and these are still the most common of this type The problem cases are still few and far between; sponsors will be more selective in picking their providers.")
"Short-term investment funds
alone do not provide sufficient planning and personnel security.
The university began the current budget year with a $1.1 million shortfall in its operating budget, caused by lower earnings than expected from short-term investment funds
, fewer annual fund donations and having 50 fewer students than expected.
The Korea Institute of Economy and Policy (KIEP), in a report on world economic flows, said short-term investment funds
would continue to flow into these markets because the uncertainty in the global financial market would not clear for some time in the future.-- Asia Pulse