Trends in the European Investment Fund Industry in the Second Quarter of 2012 and Results for the First Half of 2012
Trends in the European Investment Fund Industry in the Second Quarter of 2012 and Results for the First Half of 2012
It is unclear whether MMMFs, as currently structured, are really pass-through entities. Fund investors see no fluctuations in their share values based on changing interest rates or credit spreads. When fund losses materialize, it is usually the sponsors rather than investors who absorb them. And in the only recent example of investors being required to absorb a loss, a run was triggered on other funds that may have significantly impacted the broader economy absent government intervention. ...