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GAFB
Join Date: Dec 1999
Location: Raleigh, NC, USA
Posts: 7,842
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Anybody (jyl?) know money market funds & Rule 2a-7?
I've been charged with the task of finding a money market fund that is into GNMAs. I've looked at many funds and none of them are into GNMA bonds. Some of their repos are collateralized by GNMA securities, but that's not what they want. From what I'm reading of rule 2a-7, this may not even be possible. Bond funds, yes, all day long, but not necessarily money funds.
Can anyone speak authoritatively on this?
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