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What are money market funds? A money market fund (MMF) is a type of mutual fund that invests in cash, cash equivalents and short-term debt securities. Think of MMFs as a cash management investment solution intended to offer portfolio diversification, liquidity and operational ease.
Feb 26, 2024 · Current federal funds rate. The current federal funds rate — a range of 5.25% to 5.50% — is a result of the Fed lifting interest rates in an effort to cool down the economy and inflation ...
Feb 14, 2024 · The 2008 financial crisis took a lot of the shine off the stellar reputation that money market funds had enjoyed. A large money market fund broke the buck—its shares fell below $1.00 ...
May 3, 2024 · EverBank, formerly TIAA Bank, is a full-service online bank with physical locations in Florida. Its Yield Pledge Money Market account earns an intro APY of 4.75% for the first year on balances up ...
Phillip Money Market Fund (PMMF) aims to preserve principal value and maintain a high degree of liquidity while producing returns comparable to that of Singapore Dollar savings deposits. The Fund will invest primarily in short term, high quality money market instruments and debt securities. Such investments may include government and corporate ...
Feb 6, 2024 · Interest rates directly impact mutual funds by influencing the cost of borrowing, which affects the fund’s returns and overall performance. Mutual funds typically invest in various financial instruments, such as bonds and loans, and changes in interest rates can affect the value of these investments. When interest rates rise, bond prices ...
The PIMCO Government Money Market Fund Class A (AMAXX) is the smallest fund on our list of the top seven money market mutual funds for 2024, with share class net assets of $1.3 billion. What it ...
