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 guidelines, in order to offer safety of principal, liquidity and competitive money market returns. The funds are constant net asset value MMF and offer same-day purchase and redemption to investors.
The funds must comply with:
fund requirements, including the UCITS Directive and the ESMA guidelines for MMF, and by no later than January 2019 the European MMF Regulation; and
- the IMMFA Code of Practice or the IMMFA Principles of Best Practice.