MutualFundWire.com: Money Market Funds From Fido, et al. Held Over $6B of CDOs Containing Subprime in June
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Monday, August 20, 2007

Money Market Funds From Fido, et al. Held Over $6B of CDOs Containing Subprime in June


Money market funds with a total of $300 billion assets between them have invested in subprime debt. Bloomberg reports that money market funds run by Bank of America Corp., Credit Suisse Group, Fidelity Investments and Morgan Stanley combined, held more than $6 billion of CDOs with subprime debt as of June, according to SEC filings.


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