– The Day Has Arrived: As Of Today Prime Money Markets Can Suspend Withdrawals – Here Are The Implications:
The big day has finally arrived: starting today, many prime money market mutual funds (those that invest in non-government issued assets such as short-term corporate and municipal debt) to float their net asset value. More importantly, these prime MMFs are allowed to delay client withdrawals under adverse market conditions.
Coming to a country near you soon!
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Tags: Economy, Global News
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