Just once has
a money market fund failed.
Due to the fund's poor investment selection and the failure of Lehman Brothers,
the money market fund failed it primary purpose.
Not exact matches
That
money, which is mostly held in short - term U.S. bonds and
money market funds, was kept in Ireland for years, until an investigation by the European Union into whether the company
failed to pay taxes caused it to move its holdings to Jersey, a small island off the coast of Normandy that rarely taxes corporations.
If GE Capital
failed, a lot of
money market funds would break the buck.
Giving your
money to a Unit Trust doesn't work much better — there's loads of research showing how actively - managed
funds routinely
fail to beat the
market.
Previously for mutual
funds you statied that 85 % of mutual
funds fail to beat the
market and that putting
money in a mutual
fund was stupid for us to do.
There was $ 3 1/2 trillion in
money market funds and $ 175 billion of
funds flowed out in the first three days after Lehman
failed.
In fact, we are told, that over 70 % of the mutual
funds fail to beat the
market, presenting this as an evidence to somehow imply, in some convoluted logic, that we are better off handing over our
money to the same mutual
funds and invest passively, rather than take control of our own portfolio.