Edward Jones Money Market Fund (the “Fund”) RISK/RETURN SUMMARY: I NVESTMENT OBJECTIVE The Fund is a money market fund that seeks to maintain a stable net asset value (NAV) of $1.00 per Share. The Fund’s investment objective is stability of principal and current income consistent with...
The Libor fixings are extremely important and represent the floating cost of a three or six month swap versus a fixed rate. It's a huge market in the USA, Europe and Asia. Manipulating Libor is as old as Stonehenge. Why would anyone be surprised that banks set Libor at rates favourable ...