MoneyRates Blog

Money Fund Yields

January 30, 2009
By MoneyRates team | Money-Rates Columnist

The money fund industry witnessed one of its biggest challenges ever last September when the Reserve Fund dropped their net asset value below $1 after absorbing losses on securities issued by Lehman Brothers. Heavy redemptions and worries about other high-profile funds brought money funds to the front pages of newspapers for perhaps the first time [...]

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