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Administration September 30, 2008
MSIM Signs Up for Treasury Guarantee Program
September 30, 2008 (PLANSPONSOR.com) - The Morgan
Stanley Funds' Board of Directors/Trustees has approved the
participation of its money market funds in the U.S. Treasury
Temporary Guarantee Program.
Reported by Nevin E. Adams
According to a press release, all Morgan Stanley SEC registered 2a-7 money market funds will apply to be insured under the program.
“We understand the fundamental role that money market funds play in both the retirement and investment strategies of Americans,” said Kevin Klingert, Head and Acting Chief Investment Officer of Global Fixed Income at MSIM. “While the Morgan Stanley money market funds have maintained their $1 NAV throughout the recent unprecedented turmoil and continued to meet their stated objectives of capital preservation and liquidity, we are pleased to participate in the U.S. Treasury Temporary Guarantee program to provide an added level of protection for our shareholders.”