TITLE

Tax-Free Slide Continues; Yields Drop 5 Basis Points

AUTHOR(S)
Fine, Jacob
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/19/2006, Vol. 356 Issue 32385, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in the tax-free money market fund returns following the fall in their average weekly yield by five basis points to 2.93% on an annualized basis Monday. Assets in the funds tanked to $349.05 billion during the week due to redemptions from institutions. Assets in taxable funds increased $10.44 billion to $1.68 trillion mostly due to retail investors, while retail funds gained $7.29 billion, with institutional funds witnessing a smaller net inflow of $3.15 billion.
ACCESSION #
21005001

 

Related Articles

  • Tax-Free Yields Up Nine Basis Points to 2.06%. Johnson, Matthew // Bond Buyer;9/30/2005, Vol. 353 Issue 32229, p7 

    Reports on the rise in average yield of tax-free money market funds in the U.S. Percentage of increase in average yield; Decline in assets as a result of heavy outflows by retail investors.

  • Week's Inflows Drop to $1.26 Billion From $5.22 Billion. Chesla, Nicholas // Bond Buyer;3/28/2008, Vol. 363 Issue 32845, p28 

    The article reports that the tax-free money market funds declined to $1.26 billion from $5.22 billion in the last week of March 2008 in the U.S. It is indicated that the seven-day average yield for the funds declined to 2.04% which decrease 29 basis points from 2.33%. The overall 1,826 money...

  • Flows Fluctuate in Early '14.  // Research;Jun2014, Vol. 37 Issue 6, p10 

    Retail investors committed about $1.6 billion to stock mutual funds in early May, continuing a trend that has been in place for the past few ...

  • Tax-Exempts Have Inflows of $439M. Fine, Jacob // Bond Buyer;6/25/2004, Vol. 348 Issue 31913, p6 

    Reports on the statement by iMoneyNet Inc. that tax-free money market funds in the United States had a net inflow of S438.9 million during the week ended June 21, 2004. Net inflow for retail investors and for institutional funds; Average yield.

  • With portfolios bleeding cash, managers look to tax season. Mercurio, Stephanie // Bond Buyer;03/03/2000, Vol. 331 Issue 30841, p7 

    Reports decline in tax-free money market funds inflows in the United States. Implications for rising cash outflows and yields; Impact of money market funds on pulling investors into stock market; Presentation of tax-free money market funds data.

  • Profiting from High Rates.  // Time;9/21/1981, Vol. 118 Issue 12, p62 

    The article reports on the profits earned by small investors and businessmen on the high interest rates in the U.S. Small investors claim of gaining a 17 percent return on its investment in the money market fund. Moreover, companies with large amounts of cash on hand are given the opportunity to...

  • Municipal money market fund performance.  // Bond Buyer;12/17/99, Vol. 330 Issue 30790, p8 

    Lists the best- and worst-performing municipal money market funds in the United States based on investment returns. Average rates of return and yield.

  • Money market fund myths. Martin, Craig Geoffrey // Finance Week;07/23/99, p36 

    Debunks money market fund (MMF) myths in South Africa. Includes belief that fees are unimportant; Investment in the MMF offering the highest quoted yield; Absence of chance of capital appreciation or risk. INSET: The formula for the money market yield calculation is..

  • Absolute Insight FoF Offers Retail Investors Institutional Mandates.  // Emerging Markets Monitor;3/5/2007, Vol. 12 Issue 45, p5 

    The article reports on the Absolute Insight new fund of funds (FoF) that has been launched by Insight Investment which will target returns of cash plus 4%. The fund which is aimed at retail investors, will also provide access to six of the British manager's existing institutional mandates. The...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics