Money market funds (MMFs) are mutual funds that 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 rules, in order to offer safety of principal, liquidity and competitive money market returns. Most IMMFA funds offer same-day purchase and redemption to investors.

The funds must comply with:

  • mutual fund requirements, in particular the European Money Market Fund Regulation and UCITS Directive; and
  • the IMMFA Principles of Best Practice.