Blackrock to close some money-market funds: dow jones

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A car drives past a BlackRock billboard ad in Hong Kong. Dale de la Rey | Bloomberg | Getty Images Blackrock plans to close or consolidate some money market funds, reported _Dow Jones _on


Monday. As part of the move, Blackrock will reduce its money funds to about 30 from 50. The shift will impact more than $200 billion in assets. To read the full Dow Jones story, click here.