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Investors cancel Enron-exposed MMFs worth over 1 tril. yen.

Publication: Japan Weekly Monitor
Publication Date: 03-DEC-01
Format: Online - approximately 470 words
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Nov. 30 Kyodo

Investors on Thursday canceled more than 1 trillion yen in money management funds (MMFs) incorporating Euroyen bonds of U.S. energy giant Enron Corp., brokerage houses said Friday.

At some MMFs, the value of cancellations for Friday eclipsed that of Thursday, they said.

''The balances of some outstanding MMFs are likely to more than halve,'' a brokerage official said.

The rush of cancellations was triggered by...

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