Money market funds (MMFs) are mutual funds which invest in short-term money market instruments.
These funds allow investors to participate in a more diverse and high-quality portfolio than if they were to invest independently. Like other mutual funds, each investor in a money market fund is considered a shareholder of the investment pool; a part owner of the fund.
IMMFA money market funds are managed according to consistent and transparent guidelines, in order to offer safety of principal, liquidity and competitive money market returns. These funds must comply with:
- mutual fund requirements, including the UCITS Directive, the ESMA Guidelines for 'short-term money market funds' and any which are imposed by national regulators
- the IMMFA Code of Practice