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Vanguard To Designate Prime And Tax-Exempt Money Market Funds For Individuals

TedTed
edited June 2015 in The Bullpen
FYI: Vanguard today announced plans for its money market mutual fund lineup that will enable individual and institutional investors to continue to have access to cash management vehicles at a stable $1 net asset value (NAV).
Regards,
Ted
https://pressroom.vanguard.com/content/press_release/Press_Release_Vanguard_Prime_Tax_Exempt_MMF_for_Indiv_06.16.15.html

Fund companies are preparing for the rule changes differently. Fidelity Investments, for instance, proposed plans to convert prime money market funds, so they hold Treasury debt instead of short-term corporate paper.
https://www.fidelity.com/mutual-funds/news-analysis/money-market-funds-statement

Source: Chris Dieterich, Barron's

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