In the Margins
U.S. money market fund assets have plummeted, largely largely because one fund changed its status as a money fund to a short-term bond fund amid regulatory changes for the industry,Money Fund Report said. The $40.15 billion Prudential Core Taxable Money Market Fund converted to the Prudential Ultra Short Bond Fund, causing a $64.03 billion drop in overall money fund assets to $2.713 trillion in the week ended April 5. Read the original story from Reuters.
Most Read
Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
The Securities and Exchange Commission this week said it found "deficiencies" and "weaknesses" in mutual funds' governance practices during examinations over the past four years. The ...