Asset managers and investment banks will significantly reduce their exposure to structured investment vehicles in money-market funds by year's end, according to a report from Banc of America Securities.

These groups currently have about 3.1% of their assets under management invested in SIVs, but are predicted to drop their exposure to 1.4% by the end of January and as low as 0.4% by mid-2008. SIVs have been among the hardest hit credit markets in the recent meltdown.

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