Vanguard limits access to the safest money market funds
The asset management giant closed Treasury money funds to new investors in an attempt to keep yields positive
In the latest sign of fallout from the Federal Reserve’s attempts to support the economy through the COVID-19 pandemic, The Vanguard Group has closed to new investors its $39.5 billion Treasury Money Market Fund (VUSXX).
The move follows a similar decision by Fidelity Investments, which announc
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