Money funds generally will remain low-risk, highly liquid places to keep cash for the short term. Read more...
Individual investors in money market mutual funds saw some federal rule changes governing their funds as of the middle of October of this year.
This change was prompted by the money market stresses following the Lehman Brothers bankruptcy filing in 2008 that caused at least one non-T. Rowe Price money market fund’s net asset value (NAV) to go below $1.00 per share.
The SEC rules divide money funds into two camps–government and nongovernment funds.
Overall, the new rules should have little or no everyday impact on many investors.