JPMorgan Chase and Natixis roll out money market funds

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JPMorgan Chase and Natixis opened short-maturity money market funds aimed at winning back customers who were shaken by the financial crisis. The JPMorgan Current Yield Money Market Fund is weighted toward debt with a maturity of 10 days or less and will hold some corporate debt in addition to government securities. RNT Natixis Liquid Prime Portfolio, managed by Reich & Tang Asset Management, a unit of the French bank Natixis, holds its asset-weighted average maturity at nine days or less. Full story here