Money Market Funds
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SEC floats small step in money market fund reform
The SEC under Mary Jo White floats one small step in money market fund reform with a proposal that would make only institutional prime funds float NAVs. It's a good deal for the likes of Vanguard, Schwab.
White offers little on future of MM reform
Making her first major public speech to an audience of mutual fund executives, Securities and Exchange Commission Chairman Mary Jo White said next to nothing about one of their biggest concerns: a regulatory revamp for money market funds.
SEC's White plays money market reform close to the vest
Making her first major public speech to an audience of mutual fund executives, Securities and Exchange Commission Chairman Mary Jo White said next to nothing about one of their biggest concerns — a regulatory revamp for money market funds. “As the SEC works to develop and propose meaningful money
Funds flowing from money markets into equities; bonds get some too
Optimism abounds among individual investors, which helps supports a case for another stock market milestone.As roughly $85 million moved out of money market funds over the past three months, at least half went into equity mutual funds — a bullish indicator, according to Jeffrey Kleintop, chief
ICI criticizes risk council
The Investment Company Institute, the mutual fund industry's main trade group, last week said that federal regulators exceeded their legal authority in urging the Securities and Exchange Commission to overhaul rules for money market funds.
McNabb to FSOC: Forget funds
William McNabb, chief executive of The Vanguard Group Inc., wants the Financial Stability Oversight Council to stay out of the battle over money market fund regulation.
Vanguard boss to FSOC: Butt out
McNabb tells oversight committee additional money market reform is purview of SEC; 'appropriate agency'
Money funds take the lead in reforms
Six big mutual fund companies last week agreed to disclose the daily NAV of their money funds, an unusual show of unity among rivals aimed at heading off the threat of stricter regulation.
Fidelity could be latest to disclose daily NAVs of money funds
Industry giant Fidelity is the latest to consider moving to a more timely valuation of its money market funds.
Three money fund giants embrace daily NAV
Goldman and BlackRock to begin publishing daily net asset value of funds; 'a whole lot of nines and zeros'
Bruce Bent, son cleared in SEC fraud case
Bruce Bent and his son were cleared Monday of fraud charges stemming from the Primary Reserve Money Market Fund's breaking the buck in 2008.
Letters: Oct. 29 - InvestmentNews
Contrary to what InvestmentNews suggests in the editorial “Time to brace for new money market rules” (Oct. 7), the radical changes to money market funds being promoted by SEC Chairman Mary Schapiro and Treasury Secretary Timothy Geithner are far from a done deal.
Suddenly, money fund reform back in play
SEC opponent of earlier money fund reform now backs floating NAV; tide turning?
High-flying S&P 500 actually down last three years? Investors think so
Gun-shy clients are tuned out to the stock market these days. Proof? Well, besides yanking billions from equity funds, they also believe the S&P 500 has declined each of the last three years -- thus missing out on an extended bull market.
No money fund victory lap for Federated's Donahue just yet
SEC may have bailed on money-market fund reform, but the Financial Stability Oversight Council looms ahead
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Mary Beth Franklin, InvestmentNews
Davis D. Janowski, InvestmentNews