Home > Term: instl money market funds
instl money market funds
Fund invests in high quality financial instruments rated in top 2 grades w/ dollar-weighted average maturities < 90 days. Requires high minimum investments & has lower total expense ratios relative to other MM funds. These funds intend to keep a constant Net Asset Value(NAV).
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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Creator
- MJ63
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