Redemption gate: Difference between revisions
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A closed period which can be imposed by the board of a money market fund under times of market stress, in order to reduce the risk of a run on the fund. | |||
No redemptions would be allowed during the period of the redemption gate. | No redemptions would be allowed during the period of the redemption gate. | ||
Revision as of 11:28, 10 January 2018
A closed period which can be imposed by the board of a money market fund under times of market stress, in order to reduce the risk of a run on the fund.
No redemptions would be allowed during the period of the redemption gate.
