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3 août 2010

$1.1 Trillion Has Now Vanished From Money Market Funds, But Nobody Really Knows Where It Went

$1.1 trillion fled money market funds since the beginning of 2009, which might be a function of A) the tiny yields offered by money market investments right now (near 0.04%) and B) the realization during the crisis that money market funds could fall in value and 'break the buck', ie. they're not as safe as an FDIC-insured certificate of deposit or bank account. via $1.1 Trillion Has Now Vanished From Money Market Funds, But Nobody Really Knows Where It Went.

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