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Prime money-market funds could slow redemptions as they bleed assets

U.S. prime money-market funds have lost more than 10% of their assets and the prospect of funds slowing customer redemptions is rising amid unprecedented market turmoil, top credit-rating agency... [Source]

Publication Date:

Origin: reuters.com

Category: PersonalFinance

Topics: funds, assets, redemptions, money-market, agency, credit-rating, turmoil, market, unprecedented, rising, customer, slowing, prospect, prime, bleed, could, Prime

Source: http://feeds.reuters.com/~r/news/wealth/~3/n8LntUFsfUM/prime-money-market-funds-could-slow-redemptions-as-they-bleed-assets-idUSKBN2162R8