​ The Wall Street Journal Asks "​Is Your Money Fund SIV Burdened?" Structured investment vehicles, or SIVs, are "​threatening trouble in a seemingly unlikely place: money market funds," says Saturday'​s WSJ. Some funds "​were holding 10% to 20% of their portfolios in debt issued by SIVs", including funds from Columbia, Credit Suisse, and Federated, reports the piece. However, it adds, "Significant money-​fund losses are unlikely for several reasons. Only a handful of SIVs are thought to be in real danger and money funds typically own senior notes ... money-​market funds are subject to strict investing rules that limit how much they can keep in individual holdings. Many funds already have begun drastically trimming SIV-​related purchases ... [​and] allowing securities to mature without rolling them into new debt from the issuer." Finally, the WSJ says, "Most important for money-​fund investors, fund companies would almost certainly take steps to prevent losses from reaching shareholders -- such as ... purchasing the money-​losing securities from the fund at their full price.

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