Tax-Free Money Funds Avoid Consolidation and Outflows

Fine, Jacob
August 2003
Bond Buyer;8/29/2003, Vol. 345 Issue 31709, p6
Trade Publication
Reports that according to U.S. analysts, tax-free money market funds may escape the low interest rate environment relatively unscathed by the consolidation that hit some firms' taxable fund lineups. Impact of low short-term rates on money market funds; Decision of firms to put waivers in place for distribution and service fees; Decision of some taxable funds to liquidate or merge; Withdrawal of money from money market funds by some shareholders; Possibility of Federal Reserve Board raising its target for federal funds rate; Performance of taxable money market funds and tax-free money market funds.


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