FYI: (This is a follow-up article)
On October 14, 2016, money market funds went through a drastic reform that affected many investors and fund companies.
Money market funds are traditionally used as a form of short-term alternative to cash. Currently, there is over $2.9 trillion in money market funds investing for retail and institutional customers. Money market funds used to be priced at $1.00 per share and investors were under the assumption there was little to no fluctuation in share price.
Regards,
Ted
http://mutualfunds.com/money-market-funds/money-market-fund-reform-explained/
