61. The liquidation of the fund, the result of losses in risky investments, marked the first time a money fund caused losses of principal for investors. 62. The public generally views money funds as substitutes for bank accounts. 63. The nine Lehman money funds will take on the Federated name when the merger is completed. 64. The question remains, why did the money funds buy Mercury Finance in the first place? 65. The Securities and Commission closely monitors money funds to make sure they invest in only the safest securities. 66. The Securities and Exchange Commission has put money funds on notice to dump such investments. 67. There are fewer securities to analyze in money funds than in stock and bond funds. 68. These fees, charged by about a third of taxable money funds, reduce returns. 69. United States Treasury money funds are the safest available. 70. Unlike mutual funds that invest in stocks, bonds and securities, money funds invest only in short-term, credit-worthy securities. |
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