Fidelity Cash Reserves, or FDRXX, is a well-established money market mutual fund. These types of mutual funds pool together monies from many different investors to purchase securities. Money market funds invest in debt securities and have minimal credit risk and short maturities for investors. They...
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nTo the supporters and stakeholders, Last year I quoted FDR: “The country demands bold, persistent experimentation . . . If it fails, admit it frankly and try another. But above all, try something.” We did. A number of the companies we invested in were non-obvious and didn’t make ...
Source: BofA Merrill Lynch Global Research, Investment Company Institute Table 6: Sample MMF shadow NAVs Money fund Fidelity Cash Reserves Vanguard Prime Schwab Value Advantage Ticker FDRXX VMMXX SWVXX Shadow NAV $1.0004 $1.0002 $1.0001 Source: BofA Merrill Lynch Global Research, SEC regulatory ...