Articles > Popular publications > Business Wire press releases > January-March 1996 > Wednesday, March 27

Article: MBIA INC. INTRODUCES MONEY MARKET MUTUAL FUNDS FOR INSTITUTIONS AND PUBLIC ENTITIES.

Article from:
Business Wire
Article date:
March 27, 1996
Copyright

ARMONK, N.Y.--(BUSINESS WIRE)--March 27, 1996--MBIA Inc. announced today that it has joined forces with PNC Institutional Management Corporation (PIMC), manager of Provident Institutional Funds, to offer a series of money market mutual funds to state and local governments, school districts, health care institutions and not-for-profit entities. This new product will be offered through two MBIA Inc. wholly owned subsidiaries, MBIA Securities Corp., a registered broker-dealer and MBIA Municipal Investors Service Corporation (MBIA-MISC), a leading provider of investment management services to the public sector.

Provident Institutional Funds has been providing a variety of ...

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