High fees are putting some money market funds in the red

High fees are putting some money market funds in the red
Parents looking at the bills rolling in as students head off to university and college may be wishing they had saved more. Canadian $100 bills are counted in Toronto in a Feb. 2, 2016, file photo.
, THE CANADIAN PRESS/Graeme Roy, File
Many Canadians are paying their advisors and mutual fund companies to keep cash in money market funds that are actually racking up losses.
Money market funds, which invest in short-term debt securities, are commonly used as a safe, liquid way to store cash and generate returns in investment portfolios over the near term. A typical portfolio could hold tens of thousands of dollars in them, as investors bank cash in uncertain markets.

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