Published on: 08/25/2020
What Is A Money Market Fund?
A money market fund is a type of mutual fund that invests in cash and low-risk, short-term debt securities. Money market funds are considered one of the least risky investment vehicles available, generating income—usually on par with short-term interest rates—that may be either taxable or tax-exempt, depending on the investments held by the fund. Money market funds are highly liquid, and they’re generally used by investors to manage cash or short-term savings.
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