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What is a money market mutual fund (MMMF)?

April 26, 2017mmmf Money Market mutual fund

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What is a money market mutual fund (MMMF)?

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A fund that invests in short-term debt instruments such as treasury bills and commercial paper. Its objective is to preserve principal while yielding a moderate return. MMMF’s are favoured by investors seeking low-risk investment avenues that offer instant liquidity.