Schwab Successfully Unwinding SIVs: Analysts

Charles Schwab is successfully selling off $8 billion in potentially risky structured investment vehicles (SIVs) that it held in six money market funds, according to a research report from Sanford C. Bernstein. Thus, Bernstein doesn't believe the funds will suffer any adverse effects from the subprime crisis.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.