There's been a lot of attention paid to money market reform in recent years by the media, the investment industry, and in Washington. In the months ahead, the SEC is expected to communicate its proposal for reform. What's driving the interest in reform, and how might investors react? Here to provide context and understanding is Dave Sylvester, a portfolio manager with Wells Capital Management.
An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Wells Fargo Advantage Money Market Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.
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