Here’s what financial advisers need to tell clients about new money-market rules
The key changes, which take effect on Oct. 14, require institutional prime money funds to move from a fixed $1 net asset value to a floating NAV, and adopt potential liquidity fees and redemption gates.
Here's what you need to tell your clients about the new money-market rules that take effect Oct. 14: Relax. But be aware of the changes, and be able to explain them to your clients.
Start with the basics. Money funds are mutual funds that invest in short-term money-market securities, such as Treas
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