11. According to the Money Fund Report, money funds sold by brokers are more likely to impose higher fees. 12. Alliance Capital Management is bailing out two tax-free money funds that own debt of bankrupt Orange County, Calif. 13. But most money funds do buy commercial paper. 14. But they said customers are no more likely to lose money buying funds from a bank than from an outside broker. 15. Companies also reported that more investors were socking cash away in money funds this month, which is perceived as a safe harbor in volatile markets. 16. Companies did say more investors were socking cash away in money funds this month, which is perceived as a safe harbor in volatile markets. 17. Even so, Bent says that commercial paper has no place in money funds. 18. Finally, money funds would be required to report their holdings each quarter, so that regulators could keep track of their investments. 19. He wants to make sure he can transfer the money quickly into a money fund should the investment environment turn sour. 20. Historically, money funds attract the most conservative dollars, yet the only way for them to boost their yield is to take some narrowly defined risks. |
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