Comments on: Money Market Funds

By: muncie birder

muncie birder — Sat, 13 Mar 2010 16:25:59 +0000

I believe it was the only one to have. I might be mistaken though.
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By: Rich

Rich — Sat, 13 Mar 2010 16:23:59 +0000

Bank money markets are covered by FDIC, up to the current limit. Money market funds sold by mutual fund companies are not covered, you gain or lose. Stay with a reputable fund company.
References :

By: Young S

Young S — Sat, 13 Mar 2010 11:21:41 +0000

Is there a list of money market funds that broke the buck?
In recent times, I know Reserve Primary has. A Community Bank MM fund did in the 90′s. I have also read that some other funds had their parent companies inject emergency cash to prevent sub-$1.00 NAV’s. Is there a list of money market funds that would have broke the buck if their parent’s hadn’t shored up the funds?