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Treasury Money Funds Shun New Investors to Protect Yields, Fees (Bloomberg) Dec. 4 (Bloomberg) -- Money-market mutual funds that buy mostly U.S. Treasuries are starting to turn away new investors as the lowest yields on government debt in 50 years pull down returns for shareholders and squeeze managers’ fees.
Fed Extends Some Credit Programs Through April 30 (New York Times) An emergency lending facility and one that makes loans to money market mutual funds are covered by the decision.
FMCG funds fare better than peers (Business Standard India) At a time when most equity funds witnessed sharp erosion in their net asset values, fast-moving consumer goods sector-dedicated funds fared better than the rest.
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