Political Quotes

Richard Shelby: “The reason that the NAV is solid at a dollar and not a gimmick or whatever is precisely because of the portfolios and…”

On the recordJune 20, 2012
The reason that the NAV is solid at a dollar and not a gimmick or whatever is precisely because of the portfolios and the credit work to hold the maturity.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Senator Shelby emphasizes the reliability of the net asset value of money market funds.

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