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Wednesday, March 11, 2015 10:23:34 AM
These rule changes won’t apply to funds that invest only in the debt of the federal government and agencies like Fannie Mae FNM, -3.70% and Freddie Mac FMCC, -1.13%
In reaction to the new regulations, Fidelity said in February that it plans to convert its largest money-market fund, the $111 billion Fidelity Cash Reserves fund, from a “prime” fund — one that invests in both government and highly rated corporate debt — to one that invests only in U.S. government and agency debt. Some other Fidelity prime money-market funds are slated for the same conversion."
http://www.marketwatch.com/story/get-ready-for-new-money-fund-rules-2015-03-11?siteid=yhoof2
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