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Article: Money Market Funds Get Fresh Worries
- Article from:
- AP Online
- Article date:
- October 24, 2007
CopyrightCopyright 2007 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
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NEW YORK - It's like subprime redux: Some money market fund investors are again wondering if their investments are at risk because another complex investment product has fallen out of favor and become difficult to unload.
As occurred this past summer with worries about investments in subprime loans - those made to borrowers with poor credit - investors are again uneasy that their cash investments might take a hit. Just as some money market funds invested in subprime loans, some funds have lent money to what are called structured investment vehicles, or SIVs. The SIVs take this money and invest it in high-yielding risky investments like mortgage debt. SIVs make money by collecting more ...