Retail money fund Guide, Meaning , Facts, Information and Description
Retail money funds are offered primarily to individuals with moderate-sized accounts. Retail money market funds hold roughly half of all money market fund assets.Retail money funds invest in short-term debt, such as Treasury bills and commercial paper, come in a few different breeds: government-only funds, non-government funds and tax-free funds. You will get a slightly higher yield in the non-government variety, which will invest in high-quality commercial paper and other instruments. For example, the seven-day average yield (no compounding) for non-government funds was 4.18% ending May 25 1999, compared with 4.09% for taxable government-only funds, according to Connie Bugbee, editor of IBC's Money Fund Report.
The largest retail money fund is Salomon Smith Barney's Cash Portfolio, with assets exceeding $54.9 billion, according to the Money Fund Report.
This is an Article on Retail money fund. Page Contains Information, Facts Details or Explanation Guide About Retail money fund See also
External links