Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. It specializes in investing in low-risk money market instruments, which is different from other types of open-end funds. It has the characteristics of high security, high liquidity, stable income and "quasi-savings".

Due to the emergence of digital currency, a new type of money fund-virtual money fund has appeared in the field of money fund.

Chinese name

Monetary fund

Foreign name

Monetary fund

express

The monetary fund should include the digital currency Fund.

presenter

Virtual money fund

Show time

2065438+August 23, 2005

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Growth rate investment application investment classification other information

Development history

Create background

From the early 1970s to the 1980s, the United States was in a "stagflation" environment of economic recession and high inflation. At that time, the Federal Reserve controlled the interest rate of bank deposits, the interest rate of residents' deposits was lower than the inflation rate, and deposits were always in a state of depreciation. In order to attract funds, banks have introduced certificates of deposit with interest rates higher than the inflation rate. However, the initial deposit amount of this time deposit certificate is relatively large, and the minimum investment unit is often one hundred thousand or one million dollars. Only a few institutional investors have enough cash to make such investments.