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Explain the difference between Premium Growth Fund (PGF) and the Money Market Fund (MMF)?

April 26, 2017difference explain fund growth mmf Money Market PGF Premium

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Explain the difference between Premium Growth Fund (PGF) and the Money Market Fund (MMF)?

1 Answer

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10 Posted

The difference between the PGF and the MMF is that; the MMF is primarily made up of fixed income, government secured investments while the PGF is predominantly invested in equities. The PGF, because it is equity-based, is more ideal for those who prefer to take on moderate risk. The PGF’s returns are tax-free.