For fund administrators it was an easy way to earn a few basis points for performing largely clerical functions and rubber-stamping books and NAV statements prepared by fund managers.
I have nothing against ETFs, but I really think an index fund that just charges a few basis points for management is pretty hard to beat..
Wrote Bent, "Unfortunately, a number of money funds, and a number of investors that selected them, have lost sight of the purpose of a money fund and the simple rules that guide them in their foolhardy quest for a few extra basis points.
With fixed income portfolios struggling, insurers are hungry for even a few extra basis points of relatively safe return.
Phil Neville became Valencia's coach on Monday morning, on a temporary basis for a few days at least.
The IAEA declared it closed in December, saying that the concerted weapons programme halted in 2003, and continued in a more sporadic basis for a few years after that.
But when it comes to in-car computing Microsoft is pushing CE, which is already the basis for a few dashboard computers.
His predecessor, Kristina Johnson, stepped down in October 2010 after 18 months on the job, and one of her deputies, Cathy Zoi, held the post on an acting basis for a few months before leaving the Administration.
We'll want to see inventory levels come down and see home values get flat on a sequential basis for a few consecutive months (again, home values are down 0.9% month over month right now).
A plausible functional basis for a few loci, such as FGFR2 for breast cancer and MSMB for prostate cancer, has been elucidated, but the majority are not understood and suggest new mechanisms of carcinogenesis.
