Money market fund

(MMF). A managed fund which invests in money market instruments.

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.

Other money market funds seek to provide higher average expected income through a longer dated, higher risk and less liquid portfolio.

See also

• Accumulating net asset value
• Constant net asset value
• m
• mf
• Money market