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".

The assets of the Monetary Fund are mainly invested in short-term monetary instruments (with a maturity of less than one year and an average maturity of 120 days), such as government bonds, central bank bills, commercial bills, bank time deposit certificates, government short-term bonds, corporate bonds (with high credit rating), interbank deposits and other short-term securities.

Extended data:

The relevant requirements of the IMF stipulate that:

1. The listed stocks and warrants owned by the Fund are subject to the closing price of the daily centralized trading market; Unlisted stocks and warrants are measured by qualified accounting firms or asset appraisal institutions.

2. The listed bonds such as treasury bonds, corporate bonds and financial bonds held by the Fund shall be subject to the daily closing price; If it is not listed, its face value plus the interest receivable on the calculation date shall prevail.

3. The ease of buying, selling or realizing assets; Similar to private equity funds, hedge funds also have a closed period, during which investors cannot redeem them.

Baidu Encyclopedia-Monetary Fund