Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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The first time a money market fund broke the buck was in 1994,
when the Denver-based Community Banker’s U.S. GovernmentMoney
Market Fund reported aNAVof $0.96. It had themisfortune of owning
securities that fell sharply in value during the rapid rise in interest rates
that year. Because this was a small fund held by a small number of
institutional shareholders, the impact was limited.
It wasn’t until the credit crisis of 2008 hit that a fund broke the
buck in a dramatic way. This was the Reserve Primary Fund—the first
money market fund in the United States. The Primary Fund was a
$60 billion institutional money fund, open only to...
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On the Origins of a Conflict of Interest in the Mutual Fund Industry
