The fund assets mainly invest in short-term monetary instruments such as treasury bills, commercial paper, bank certificates of deposit, bank acceptance bills, short-term government bonds, corporate bonds and other short-term securities.

Monetary funds have only one way to pay dividends—dividend reinvestment.

Each unit of the money market fund is always kept at 1 yuan. The income after exceeding 1 yuan will be automatically converted into fund shares on time. The number of fund shares you own equals the number of assets you own.

Other open-end funds have fixed shares and cumulative unit net values. Investors can only rely on the fund's annual dividends to realize returns.

Chinese name money market fund Foreign name Money market funds category ***Same fund Advantages 1 Stable income, strong liquidity, low purchase limit Advantage 2 You can use the fund account to issue checks Quick navigation Advantages Features Scope of operation Main features Development history Current overview Basic

Definition: Money Market Mutual Funds (MMMFs) are funds that pool together from many small investors and are run by specialized managers to operate the market. After earning income, they are held for a certain period of time.

A form of financial organization that distributes shares.

Mutual funds that mainly operate in the money market are called money market mutual funds.

Money market mutual funds are a special type of mutual funds. They are a new type of investment and financial management tool that have appeared in the United States since the 1970s.

Buyers purchase a number of fund shares at a fixed price (usually $1), and managers of money market funds use these funds to invest in profitable short-term money market instruments (such as Treasury bills and commercial paper, etc.)

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In addition, buyers can write checks for the money they hold in the form of shares in the fund.