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Fund managers like BlackRock (BLK) and Legg Mason (LM) get ahead of what could be a...

Fund managers like BlackRock (BLK) and Legg Mason (LM) get ahead of what could be a "seismic reallocation of assets" by launching "ultra-short" funds with floating NAVs ahead of new money market regulations. These funds are different than the "ultra-short" funds which ran into trouble in 2008 in that their maturities are even shorter and they can only invest in high-grade debt. Somewhat similar ETF offerings: SHV, MINT, BIL, PVI, GSY, VRD, RAVI.
Comments (1)
  • More senseless regulation of an industry for market manipulatory reasons.
    16 May 2013, 03:13 PM Reply Like
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