Threats To Your Money-market Fund
Posted September 17, 2007
| Money-market funds, almost certainly the core cash position in your portfolio, are now at the center of the financial-market crisis that started with the meltdown in the market for subprime mortgages. Some think that in the next few months some money-market fund will announce losses so big that they threaten the $1-a-share price that investors regard as guaranteed. The odds are that such an announcement will come from a so-called enhanced fund, one that took on additional risk to pay an extra bit of interest to investors. |  |
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