Dienstag, 28. Juni 2011

US-Geldmarktfonds: Problem oder nicht?

Auszug aus letzterem Link (Hervorhebungen von mir):

"The problem is perception as much as reality. Though only one fund officially broke the buck in 2008, it caused a crisis for the whole industry. "It's the contagion effect that people are looking at," Ms. Cunningham says.

Money-market funds are required to report their holdings monthly, so concerned investors can check fund company websites, or through the Securities and Exchange Commission's website, sec.gov. Because the filings are monthly, it won't always be the most current information, says Robert Dubois, president of Trend Modus Capital Management LLC, of Kansas City, Mo., and the filings can be hard to understand. "There's just a shortage of meaningful information," he says.

He recommends an alternative: staying out of prime money-market funds entirely. He uses certificates of deposit or short-term U.S. Treasurys for clients instead; money-market funds that invest only in U.S. government debt are another option."

Mit anderen Worten: nichts genaues weiß man nicht...und sowas LIEBEN institutionelle Investoren. Wie schrieb schon der US-Finanz-Think-Tank "Squam Lake Group" im Januar 2011 ("Reforming Money Market Funds"):

"For example, in the two-week period following the failure of Lehman, net outflows rom a subset of prime money market funds tracked by Moody’s exceeded $400 billion, almost entirely through redemptions by institutional investors, who are prone to run for cover much more quickly than are retail investors".

Der Google-Trend-Indikator zum Begriff "break the buck" zeigt bisher noch Desinteresse:


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