Vanguard takes top billing again in 2017 when it comes to supersized mutual funds. Here's our list of the rest of the top 5 largest.
BOSTON/NEW YORK, Oct 22 (Reuters) - A failure by Washington leaders to raise the federal debt ceiling by next month could test whether new regulations have made money market mutual funds more robust. With $2.7 trillion in assets, money funds play a key role in the financial system as purchasers of corporate and government debt used to fund short-term operations. Some funds' managers were rattled when past debt showdowns cast doubt on the payment schedules of U.S. Treasury securities they held, though investors ultimately stayed with the funds.