Prudential Financial Inc. says the boards for several funds and portfolios have decided to extend the funds’ participation in a U.S. Treasury Department stabilization program.
Eligible JennsionDryden and Target mutual funds and the Prudential Institutional Liquidity Portfolio will stay in the department’s Temporary Guarantee Program for Money Market Mutual Funds, according to Prudential Financial Inc., Newark, N.J.
The program protects money market fund assets.