Money market fund is also referred to as money market mutual fund. It is a mutual fund that enables clients to invest in short-term debt securities. Some of these debt securities are commercial paper and US treasury bills. This program is safe deposits of banks that give high yields. In the United States of America, money market fund is regulated by securities and Exchange Commission and the investment company Act of 1940.
Money market fund is open to all people that are interested in preserving their money at a better place. These investors should not be intimidated with the same rate of return that they receive. However, money market fund is working on the stability of the value of 1$ per share. In fact, these funds are given to the investors. The importance of money market funds is to deal with losses that are brought about by markets, credit and other unavoidable risks.
Bruce Bent II is business guru, experienced entrepenuer and financial leader in his industry. His father has been accredited to be the founder of the first money market fund. Growing up in a financial world Bruce R. Bent II learned so much about investing. He graduated from Northeastern University.
Bruce Bent II has used his financial expertise to help find cash-related solutions for many companies including businesses that deal with broker-dealers, banks and retail marketing.
Currently, Bruce Bent II is the president and vice chair of Double Rock Corporation. This organization is a leader in financial technology. It also provides innovative cash management like money market funds. The beneficiaries of the company are retail markets and banks. Even though
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