A low-risk fund holding short-dated debt
It invests in government bills and short-term paper from strong companies, all close to maturity. The design favours small price movement and easy redemption at any time. Principal is not guaranteed, but the swings are far smaller than in an equity fund, and the yield tracks the policy rate.
When the policy rate rose from 0.1% to 5%, money market yields climbed to roughly the same level.
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.