I happened to be doing some research on commercial paper and at least historically, mutual funds had been big buyers of it, mainly due to the yield advantage over T-Bills. Recently, I wanted check out a few the bigger money market funds that invest in CP. Apparently, these funds were shut down or merged into government funds. I checked out Vanguard, Fidelity and PIMCO and none of them have MM funds that invest in CP. They only have MM funds that invest in government issues. Vanguard made this change in August. I assume the change is related to yields being so low but yields being low is not a new thing.
Is there anyone here on the buy side who has some insight on this topic?
Ut ad et unde. Sunt amet vitae ipsum molestiae ab reiciendis. Recusandae blanditiis repellat ea laborum magni quo sit. Ipsam ullam id dolor officiis quo qui dolorum.
Placeat accusantium perferendis sit eligendi porro. Sunt laboriosam ut cupiditate alias dolore vero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...