Safety Questions, Paltry Returns Dog Money Funds

Buffalo NewsJuly 17, 2011

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Summary


Money market mutual funds long have been the utility players of the investment world -- reliable but boring, and usually garnering attention only when they drop the ball.

Lately, money funds have been making the blooper reels a lot.

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Safety Questions, Paltry Returns Dog Money Funds

In an era of low-yielding investments, money funds stand out for their meager returns. The average fund currently yields 0.04 percent annually, or a paltry $4 a year on a $10,000 investment.

"Yields are pitiful," said Greg McB...

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