An Examination of Mutual Fund Timing Ability Using Monthly Holdings Data
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The run on prime MMMFs caused further disruption to already stressed short term corporate credit
markets. Though many of the redemptions from prime MMMFs flowed into Treasury and Government
MMMFs, and thus MMMF assets in aggregate fell less sharply than those of prime MMMFs, the
Treasury and Government funds were not eligible to purchase many of the corporate issues that prime
MMMFs were selling or ceasing to roll over. Unprecedented emergency facilities established by the
Treasury and Federal Reserve ultimately slowed redemptions from prime MMMFs and helped maintain
liquidity in the short term corporate funding markets....
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An Examination of Mutual Fund Timing Ability Using Monthly Holdings Data
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An Examination of Mutual Fund Timing Ability Using Monthly Holdings Data
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