Dog Days for Money Market Funds

摘要

Money market funds, the investments that individuals, companies, and institutions use to stash cash, look like another victim of the financial crisis. As interest rates drop and costs rise, some financial firms have pulled out of the business. That's leaving investors scrambling to find safe and high-yielding alternatives for their money. "It's a much riskier business than it was deemed a year ago," says Douglas Dannemiller, a senior analyst at Aite Group, a researcher.