ETFs

Fed flags concerns about mutual funds, exchange-traded funds

Fed report says the funds could be vulnerable to investor runs

The Federal Reserve is worried money-market mutual funds and exchange-traded funds could be vulnerable to investor runs in times of financial strain, the central bank said in a monetary policy report released Tuesday.

The Fed's analysis of existing financial market conditions found fairly low levels of reliance on short-term funding by non-bank financial institutions, given the huge hit taken in those markets during and after the financial crisis.

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