‘Money market funds’ area otherwise known as ‘money market mutual fund’ and invest in securities: short term debt like US Treasury bills or commercial paper. These funds are regarded to be safe and also provide higher yields. These funds reduce exposure to losses arising from liquidity, credit and market risks.
Investors who Consider the ‘Money Market Funds’
These funds are appropriate for customers such as:
Customers that need their investment to be really liquid
· Customers that have a very low tolerance for volatility or those interested in diversifying with more traditional investments
· Customers that have investment goals with brief time horizons
Returns on ‘money market funds’ are not as promising as other ‘fixed income funds’ like bond funds. However, the reason clients opt for these is the stability they provide. Investors could use these funds for reasons such as:
· An asset holding place while they wait for investment opportunities to come up
· Offsetting volatility in equity and bond investments
· As a short period investment for assets required later, for instance emergency funds.
Bruce Bent II
‘Money market fund’ was introduced by Bruce Bent II‘s father in 1971 and his father’s partner Henry B.R. Brown. . This financial commodity was at once recognized by the department of financial history in of America’s Museum.
Bent II grew up in a world where he learned and experience the financial industry daily through his father. I believe that many of his financial techniques and creative solutions have come from his lifetime exposure to finances.
Education and Skill Set
Bruce went to Northeastern University where he graduated with a Bachelor of Science Degree in Philosophy. He is an experienced asset, risk, equities and ‘mutual funds manager’. Bent II is also good at strategic planning and retirement and pensions planning.
Currently he is the Vice Chairman and President at Double Rock Corp. where he continues to use his expertise as an entreprenuer and financila guru to help out many financial institutions.
For more information on Bruce Bent II follow him on Twitter.