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Manager support key to money market fund stability
10 August 2010
Moody’s data reveals the extent of manager support for money market funds, and especially during the height of the 2007-2009 financial crisis
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Moody's
money market funds
Data compiled by Moody’s Investors Service in a new report reveals the extent of manager support for money market funds since their introduction, and especially during the height of the 2007-2009 financial crisis. The report says at least 20 managers of prime funds in the US and Europe expended in total at least $12.1 billion dollars (pre-tax) to preserve the net asset values of their constant net asset value funds...
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