
US Regulators Allow BlackRock Funds to Lend to One Another – Reuters
September 9, 2016 \
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Full Article: Reuters
Mutual funds and money-market funds offered by the world’s largest asset manager could borrow up to a third of their assets in total – or up to 10 percent of assets without posting collateral – through BlackRock’s “InterFund Program.”
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2 Comments on "US Regulators Allow BlackRock Funds to Lend to One Another – Reuters"
I’m with Merlin on this one. It sounds like something that the fund wants to do, but doesn’t seem like something I’d want them to do with my money. Maybe the 5,300 people who got fired from Wells Fargo can help sort it out…
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