American Beacon Advisors, Inc., manager of the American Beacon Funds, is pleased to report that the American Beacon U.S. Government Money Market Select Fund (NASDAQ: AAOXX) has won a Money Fund ReportTM Award as the #1 institutional U.S. Government money market fund out of a universe of 231 unrestricted funds...
In an apparent move to capitalise on public anxiety over Northern Rock, Fidelity International has touted money market funds over cash deposit accounts. In an apparent move to capitalise on public anxiety over Northern Rock, Fidelity International has touted money market funds over cash...
Byline: Jeff Benjamin DETROIT - A "quiet revolution'' in the way brokers and advisers manage their clients' cash balances could represent the beginning of the end for money market mutual funds, according to a new study of cash management ...
The MPC's decision at its August meeting to raise the base rate by 25 basis points to 4.75 per cent came as something of a surprise to money markets, the stock market and to most commentators -" Oracle included. The MPC's decision at its...
Until June 2000 the Brazilian companies will have raised US$1.8856bil in the international money market. Telecommunications company Embratel raised US$150mil, and the commercial bank Santander Brasil otherUS$100mil in the international money market. Until June 2000 the Brazilian companies will have raised US$1.8856bil in the...
MEXICO CITY, Feb 24, 2004 (Especialistas en Medios/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The increase of the "corto" the daily withdrawal of circulating capital from the money market as an instrument to control the MEXICO CITY, Feb 24, 2004 (Especialistas en Medios/Corporate...
NEW YORK -- Fitch assigns an 'AAA/V1+' money market fund rating to the Lehman Brothers Prime Reserve Money Fund and reaffirms the 'AAA/V1+' money market fund ratings for the Lehman Brothers Prime Money Fund and Neuberger Berman Prime Money Fund.
LONDON--BUSINESS WIRE--Standard & Poor's CreditWire 9/15/98-- Standard & Poor's today affirmed its triple-'Am' money market fund rating on the Corefund Sterling Cash Fund, a subfund of the Dublin-registered Corefund Umbrella Cash Fund PLC which will be rebranded as Aberdeen Prolific Umbrella Cash Fund PLC in due course. The subfund has...
INVESTORS have moved into equities and fixed income this year at money market's expense, according to Mercer. INVESTORS have moved into equities and fixed income this year at money market's expense, according to Mercer.
THE MPC rarely inflicts major surprises on the money markets, so when the Bank of England's Monetary Policy Committee announces its decision on interest rates today, a further 0.25 basis point rise in the base rate can be expected. Working on the ass THE MPC rarely...
The Bank of England is proposing reform of the sterling money markets in a bid to reduce the volatility of short-term interest rates. In what the bank says are the "most far reaching reforms for a quarter of a century or more", it will repl The...
Invesco Funds Group Denver is leaving nothing to chance. It is filing a supplement to its prospectuses with the SEC saying it will deposit investor checks in money market funds if ... Invesco Funds Group Denver is leaving nothing to chance. It is filing...
"Hi. I'd like free checking with overdraft protection, a 15-year fixed-rate mortgage at no more than 6 percent APR, a high-yield money market account with no minimum balance, a low-interest credit card with perks and free credit protection, inst "Hi. I'd like free checking with overdraft...
The American Bankers Assn wants the US Federal Reserve Board to introduce a new money market deposit account for businesses because businesses cannot have negotiable order of withdrawal accounts or NOW accounts. The request was introduced on Jun 4, 1997, The American Bankers Assn wants the US Federal Reserve Board...
An alternative risk-financing method that FMR Corp. officials say they never intended to publicly announce could end up bolstering the company's money market funds sales. To protect both subsidiary FMR Co. and the shareholders of the Fidelity InvestmeAn alternative risk-financing method that FMR Corp. officials say...
MINNETONKA, Minn. -- UnitedHealth Group Corp. is teaching its employees to use more than one crayon. Two years ago, the company, which has a very young work force with short service and low compensation, began automatic enrollment in its $656 mill MINNETONKA, Minn....
The Securities and Exchange Commission has weighed in on a long festering class action suit involving several brokerage houses over whether payments to brokers constituted kickbacks. The question is how money market mutual funds pay brokers to The Securities...
CINCINNATI - Procter & Gamble's $11.8 billion profit-sharing, 401k and employee stock ownership combination plan has become ``better, cheaper and faster,'' company executives said. Employees now may invest in international equity and small-c CINCINNATI - Procter & Gamble's $11.8 billion profit-sharing, 401k...
Byline: Brooke Southall An old friend to financial advisers is turning into a new worry. With interest rates plunging and talk of deflation on the rise, advisers are getting anxious about holding cash in money market funds....
Providing that extra assurance for money market fund investors by insuring against potential defaults of securities held by funds is an idea that is gaining ground, if two recent announcements are any indication. In a move analysts say should plea Providing that extra...
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