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Wednesday May 23rd 2012

Fidelity money fund clients sour on SEC proposals

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BOSTON (Reuters) – Fidelity Investments, the largest money-market fund manager, recently warned U.S. regulators that more than half of its money fund clients would move all or some assets out of the investments if the net asset value of the funds were allowed to fluctuate.

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Post Published: 07 February 2012
Found in section: Finance