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Money market funds seek to limit exposure to losses due to credit, market, and liquidity risks. Money market funds in the United States are regulated by the Securities and Exchange Commission (SEC) under the Investment Company Act of 1940. Rule 2a-7 of the act restricts the quality, maturity and diversity of investments by money market funds.
The Investment Company Institute (ICI) is a global association of regulated funds, including mutual funds, exchange-traded funds, closed-end funds, and unit investment trusts in the United States, and similar funds offered to investors in jurisdictions worldwide.
Investment Company Institute, 450 U.S. 46 ... "Regulation Q and Glass-Steagall: Limits on Bank Holding Company Alternatives to Money Market Mutual Funds".
While fees have been falling in recent years, in 2023 index equity mutual funds had an asset-weighted average expense ratio of .05%, according to research by the Investment Company Institute (ICI ...
While money market accounts are great for saving and managing your money, it’s important to remember that a money market account is not considered an investment tool, and to build a long-term ...
An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the Investment Company Act of 1940 .
Money within a money market account is insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per person, per account.
In 2008, it launched the Sterling Money Market ETF (LSE: XGBP) and US Dollar Money Market ETF (LSE: XUSD) in London. In November 2009, ETF Securities launched the world's largest FX platform tracking the MSFX SM Index covering 18 long or short USD ETC vs. single G10 currencies. [116] The first leveraged ETF was issued by ProShares in 2006.
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