Fidelity shuts three money market funds to most new investors
Fidelity Investments, one of
the world’s largest asset managers, on Tuesday closed three
money market funds to new investors to protect the return of
existing shareholders after the Federal Reserve this month cut
short-term interest rates to near zero.
the world’s largest asset managers, on Tuesday closed three
money market funds to new investors to protect the return of
existing shareholders after the Federal Reserve this month cut
short-term interest rates to near zero.
Posted by Reuters
