« Moody’s downgrades Legg Mason to ‘A3′ from ‘A2′
Equity Markets Tumble Despite Bernanke Hints of a Rate Cut »

Fidelity to join Treasury’s guarantee program

SAN FRANCISCO (MarketWatch) — Fidelity Investments’s retail and institutional money market mutual funds will participate in the Temporary Guarantee Program offered by the Treasury Department, Fidelity said late Tuesday. “Even though it is highly unlikely that the insurance will be needed for any of our funds, we expect the program to reassure our investors that their money market funds will continue to provide safety and liquidity for their cash investments,” said Fidelity. The Treasury’s program, which is in effect for three months, provides coverage to shareholders for amounts that they held in participating funds as of Sept. 19.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

More @ DollarDrops.com:FOREX - AUSTRALIAN DOLLAR ENDS STRONGER - OCT 18, 2007 (Asia Pulse via Yahoo!7 Finance)

Forex - Australian Dollar Closes Weaker - Oct 16, 2007 (Asia […]

Original post by Forextvblog

This entry was posted on Tuesday, October 7th, 2008 at 3:34 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Fidelity to join Treasury’s guarantee program”

  1. Fidelity to join Treasury’s guarantee program Says:
    October 7th, 2008 at 6:58 pm

    […] post by Technorati Search for: forex news Related PostsVanguard funds to participate in Treasury Guarantee ProgramVanguard funds to […]

  2. Fidelity to join Treasury’s guarantee program Says:
    October 7th, 2008 at 7:04 pm

    […] Original post by Trading Arts .COM […]

  3. Fidelity to join Treasury’s guarantee program · Forex-Trade.ExplainedOnline.Net Says:
    October 7th, 2008 at 7:20 pm

    […] Original post by Trading Arts .COM […]

  4. Fidelity to join Treasury’s guarantee program · Forex.ExplainedOnline.Net Says:
    October 7th, 2008 at 7:21 pm

    […] Original post by Trading Arts .COM […]

  5. Forex » Fidelity to join Treasury’s guarantee program Says:
    October 7th, 2008 at 7:51 pm

    […] Trading Arts .COM wrote an interesting post today onHere’s a quick excerptFidelity to join Treasury’s guarantee program October 7th, 2008 SAN FRANCISCO (MarketWatch) — Fidelity Investments’s retail and institutional money market mutual funds will participate in the Temporary Guarantee Program offered by the Treasury Department, Fidelity said late Tuesday. “Even though it is highly unlikely that the insurance will be needed for any of our funds, we expect the program to reassure our investors that their money market funds will continue to provide safety and liquid […]

Leave a Reply