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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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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
