MutualFundWire.com: Pimco Plans to Add Money Market Funds
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Thursday, January 22, 2009

Pimco Plans to Add Money Market Funds


Two new money market funds are on the way from Pimco. Bloomberg's Miles Weiss reports that the Newport Beach, California-based fixed income specialists filed last week to launch the Treasury Money Market and Government Money Market funds, to be managed by Short-Term Fund manager Paul McCulley. Bloomberg puts the move in the context of the 25-percent increase in money fund assets last year.


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