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Vanguard's shuttering of municipal money market funds sends clarion call to RIAs to get ahead of COVID-19 squeeze, even if Schwab and Fidelity see fit to ride out the storm

The Malvern, Pa., giant cites market-specific liquidity issues and an interest rate squeeze; Federated Hermes and BNY Mellon have made similar 'canary in the coal mine' moves.

Author Oisin Breen October 14, 2020 at 2:58 AM
1 Comment
no description available
Greg Davis: These specific municipal money markets no longer offer the market depth needed to prudently provide these state-specific products in all market conditions.

Fidelity

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The Vanguard Group

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Charles Schwab & Co.


MoneyClip@

MoneyClip@

October 14, 2020 — 6:01 PM
Brilliant curation!

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