A form of financial organization in which professional managers manage the market, earn profits and distribute them according to a certain period of time and the shares they hold. For * * * mutual funds that mainly operate in the money market, they are called money market * * * mutual funds. Money market mutual fund is a special type of mutual fund, which is a new investment and financial management tool in the United States since the 1970s. Buyers buy a certain number of fund shares at a fixed price (usually $65,438 +0), and money market managers and fund managers use these funds to invest in profitable short-term money market instruments (such as treasury bills and commercial paper). In addition, buyers can also issue checks for funds held in the form of fund shares. Money market funds not only have the characteristics of stable income, strong liquidity, low subscription limit and high capital security, but also
There are other benefits, such as writing checks and paying consumer bills with fund accounts; It is usually used as a place to temporarily store cash before making new investments, which can earn more income than demand deposits and can be withdrawn for investment at any time. Some investors subscribe for money market funds in large quantities and then gradually redeem their investment stocks, bonds or other types of funds. Many investors also hold cash in the form of money market funds for emergencies. Some money market funds even allow investors to withdraw funds directly from ATMs.