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, February 29, 2008 Wells Fargo Reports Money Market Fund Loss Yet another firm is reporting money market mutual fund troubles. Reuters reports that in its annual report filed with the SEC, Wells Fargo & Co said it has seen a $39 million loss in its money market funds, due to loss of value in complex debt instruments. Other fund companies that recently encountered the same situation are: BofA's Columbia Funds, Janus, Legg Mason, and Wachovia's Evergreen Investments. Printed from: MFWire.com/story.asp?s=17562 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |