Money market funds – otherwise called money market mutual funds – are a saving and contributing choice presented by banks, brokerages and mutual fund companies. These assets are viewed as generally safe ventures that can be appropriate for momentary speculation objectives or building a rainy day account. Here's more data regarding how they work. How money market funds work Money market funds are directed by the Securities and Exchange Commission, or the SEC, and are needed to invest into momentary obligation protections, like authentications of store, U.S. Depository bills and business paper. The assets have generally attempted to keep an offer cost of $1 and there have just been two cases where an fund fell underneath that cost, yet there's no assurance an asset will actually want ...