Money market funds
The money market mutual fund focuses on investing in short-term debt securities including US treasury bills, short-term bonds, repurchase agreements, certificate deposits and commercial paper. The money market fund has earned regard for security while providing higher earnings. The Securities and Exchange Commissions are tasked with the regulation of the money market fund under the Investment Company Act of 1940.
Money market funds seek to minimize losses associated with credit, market and liquidity risks. The objective of the fund investment is to earn for shareholders while keeping a net set value at $1 per share. The mutual fund is a low-risk low-returns kind of investment but offers investors a secure place to invest money. Money market funds are characterized by short maturity and low credit risk. The funds attract more investors because they lack loads which entail the fee charged for entering or exiting a mutual fund. It is also worth noting that money market funds may be taxed or exempted from tax depending on the securities in which the funds invest.
Mr. Bruce Bent II is an American businessman and the President of Double Rock Corporation. He is has great understanding and knowledge of money market fund. In fact, his father was the founder of the very first money market fund.
Bruce Bent II was born in New York. He went St. to Northeastern University and graduated with his bachelor’s in philosophy. Soon after he started his career in the financial world. He helps banks, broker-dealers, retail marketers and other financial companies with innovating solutions.
Mr. Bruce Bent II is now a top businessman at Double Rock Corporation where he is the president and vice chairman. His knowledge of money market funds, financial expertise and crafty business skills have helped him to become a very successful man.
For more information follow Bruce Bent II on Twitter.