Bloomberg News

BlackRock to Restrict Subscriptions Into Two Euro Money Funds

July 06, 2012

BlackRock Inc. (BLK:US) said it restricted new money into two European money-market funds after the European Central bank cut deposit rates to zero.

The BlackRock funds are Institutional Cash Series - Institutional Euro Liquidity Fund and Institutional Cash Series - Institutional Euro Government Liquidity Funds, according to Jessica Greaney, a spokeswoman for the New York-based firm. There are currently no restrictions on redemptions or transfers, Greaney said.

To contact the reporter on this story: Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


Coke's Big Fat Problem
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • BLK
    (BlackRock Inc)
    • $304.73 USD
    • -10.09
    • -3.31%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus