MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, December 7, 2007 Report: Schwab's SIV Holdings Don't Pose a Significant Threat to its Money Market Funds Schwab's six money market funds held an estimated $8 billion in structured investment vehicles in September, but the San Francisco-based company's funds don't seem to be in jeopardy of being dragged down by the credit market turmoil, MarketWatch reports, citing research from Sanford C. Bernstein & Co. The research covered reports from Schwab through September, when SIV holdings in Schwab's money market funds stood at about 7 percent of around $115 billion in total AUM. By the end of the year, Sanford Bernstein analysts estimate that Schwab's exposure to SIVs will go down to about 3.5 percent of assets, and by the end of February, the such holdings will drop to slightly more than 2 percent of assets. Printed from: MFWire.com/story.asp?s=16715 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |