imported>Doug Williamson |
imported>Doug Williamson |
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| (MMF). | | (MBS). |
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| A managed fund which invests in money market instruments.
| | Mortgage backed securities are bonds representing interests in loans secured by mortgages on residential or commercial property. |
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| Some money market funds are structured as 'liquid' money market funds, designed to be lower risk managed funds by - among other features - investing only in liquid money market instruments of the highest credit quality.
| | The investors have the right to interest and principal repayments from the mortgage loans. |
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| Other money market funds seek to provide higher average expected income through a longer dated, higher risk and less liquid portfolio.
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| == See also == | | == See also == |
| * [[Accumulating net asset value]] | | * [[CDO]] |
| * [[Constant net asset value]] | | * [[Collateralised Mortgage Obligation]] |
| * [[FAM]] | | * [[Mortgage]] |
| * [[Liquidity fee]] | | * [[Security]] |
| * [[Liquidity fund]] | | * [[Covered bond]] |
| * [[LVNAV]]
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| * [[m]]
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| * [[mf]]
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| * [[Money market]]
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| * [[Money market fund reform: a light at the end of the tunnel?]]
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| * [[Money Market Funds Regulation]]
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| * [[Redemption gate]]
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| * [[Reverse distribution mechanism]]
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| * [[Variable net asset value]]
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| * [[Weighted Average Life]]
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| * [[Weighted average maturity]]
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| ===Other links===
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| *[http://www.treasurers.org/ACTmedia/Fitch%20Question%20Responses%20MMFs.pdf MMF reform: how will it affect treasurers? Fitch-ACT]
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| *[http://www.treasurers.org/node/9362 Lesson from America, The Treasurer, September 2013]
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| *[http://www.treasurers.org/node/8266 Credit matters, The Treasurer, October 2012]
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| *[http://www.treasurers.org/node/8103 Understanding MMF investments, The Treasurer, September 2012]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Treasury_operations]]
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| [[Category:Liquidity_management]]
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