"Money Market Funds Make a Quiet Comeback" Says Currier in IHT Article Today's International Herald Tribune and Boston Globe feature a money fund piece by Chet Currier of Bloomberg News, calling money market funds as a "hot property". Money funds, he says, have "been piling up the assets lately at an impressive pace, although with far less accompanying hype" than investments such as hedge funds and ETFs. They've grown by almost $600 billion, or 33 percent, in less than two years, as events have "enhanced their appeal on both sides of the risk-reward calculation". While PIMCO's Bill Gross warns of falling rates, the non-fringe consensus looks for yields to remain around 5.0%. The article cites our Crane 100 Money Fund Index, currently at 4.98%.
