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Wednesday, March 11, 2015 8:14:11 PM
"Another big change is that all money-market funds that invest in corporate or municipal debt will be allowed to charge investors a fee to redeem shares when the funds are under pressure or temporarily block investors from withdrawing cash.
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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