Money market fund is a mutual fund that is open ended. It invests in debts securities that are short-term like commercial paper and treasury bills. This mutual fund is safe as depositing money in the bank, but it has an advantage over the bank since one gets high interest on the deposit made, something that the bank lacks.
Money market funds strive to minimize the funds from losses that can be caused by market, credit, or liquid risks. It is registered under the Investment Company Act of 1940 and Securities and Exchange Commission which regulates it. Money market fund stands out from other financial instruments for its capability of maintaining a stability value of $1 per share and also the fact that investors can get dividends from it.
Bruce Bent understands the money market fund. He grew up in the financial world and in the days of financial pioneers. In fact, his father was the founder of the first money market fund. Bent studied at Northeastern University where he graduated with a degree in philosophy. His career began shortly after that.
He has gone on to help many companies with retirement aspects, qualified plans and other financial solutions that have been creative and innovating. Currently Bent II is the President and Vice Chairman of Double Rock Corporation. His financial ideas and creative approaches have turning point in financial history.
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