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Interest rates align for funds; Money market offers investor easy access
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The money market mutual fund, a plain-vanilla product
traditionally used merely as a place to park spare change, has become
a tasty option for investors lately, thanks to an unusual alignment
of interest rates.
With cash gushing in, such funds are poised to reach the record
asset levels of 2001, according to data from the Investment Company
Institute, a trade organization for mutual funds.
In October, money market funds had a net inflow of almost $9.5
billion, the most since July...
Related newspaper, magazine, and journal articles from HighBeam Research
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Some money market mutual fund facts
Chicago Sun-Times
; ... Most shares are priced at a constant $1, but the interest rate may change on a daily basis. Write to Susan Bondy at Chicago Sun-Times, Financial News Department, 401 N. Wabash, Chicago, Ill. 60611. Please enclose a stamped, self-addressed envelope.
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MMDA: Banks Seen Losing Out to Mutual Funds: MMDAs now stand at $3.5 trillion, a high note.(money market deposits accounts)
US Banker
; Banks are losing their grip on their most basic depositors: those seeking money market savings accounts. Banks' assets in these accounts have soared 75 percent in five years, while its main competitor-the money market mutual fund-has declined 14 percent. But all that is about to change. Money
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Money market funds.
Money Digest
; What if you do not have a large sum to invest in the money market but would like to earn better interest rates? In this case, you can consider another, more suitable investment: money market funds. These are mutual funds that accept money from several investors and then invest the proceeds in the
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World tension keeps investors plugged into money market mutuals
Chicago Sun-Times
; Crises love cash, and cash, in time of crises, mates with liquidity. And so, money market mutual funds keep growing. Since July 31, as Persian Gulf tensions increased, about $13 billion has been added to the assets of money market funds. In addition, the slowing economy and declines in the stock
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 "The Cincinnati Post (Cincinnati, OH)")
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KEMPER MONEY MARKET FUNDS CHANGING NAME.(MONEYWISE)
The Cincinnati Post (Cincinnati, OH)
; Byline: Patrick Larkin Kemper money market mutual funds will replace the Kemper name with Zurich about May 1. Zurich Kemper Investments, the advisor to the Kemper family of mutual funds, said it will change the name of the money market products but not the long-term mutual funds, which will
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