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Vanguard to Liquidate Two Money Market Funds

The fund giant cited is closing the funds because there aren’t enough “munis” markets in the MMFs’ targeted states.

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Vanguard investor homepage on a phone screen (Photo: Shutterstock)

Vanguard has closed two money market funds to new investors and plans to liquidate these funds in November, citing “changing market dynamics.” Specifically, the limited supply of some short-term municipal securities makes it “no longer possible to meet the investment objectives and maintain the diversification and risk profile” of these two funds, the firm said Friday.

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