Chinese stock markets have broken a basic “Law of Finance.” It highlights a dislocation within the Chinese financial system, which could portend violence in the A-shares market.
A manager of the Lawrence County government pension fund for its employees said the fund’s investments during the past quarter have gone through one of the most volatile bumps she’s seen.
In September, Vanguard will transition its Prime Money Market Fund into a government money market fund and rename it the Vanguard Cash Reserves Federal Money Market Fund. Fee reductions are also coming for investors.