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 |
|
Thursday, September 12, 2013 Fido Says Money Fund Reforms Will Hike Muni Costs Who would have thought Fidelity [profile], the largest provider of money market funds according to Reuters, wouldn't be a fan of money market reform? Fidelity told the S.E.C. that the reforms would make borrowing costs onerous for U.S. municipalities, increasing the costs by up to $13 billion, Reuters' reports. Fidelity provided the S.E.C. with a slide presentation as part of the discussion and claimed financing costs for municipalities could increase in the neighborhood of $1 billion to $13 billion, depending on how much money market funding is refinanced with pricier debt, Reuters reports. To read more, click here. Printed from: MFWire.com/story.asp?s=46004 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |