market fund


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Market Fund

A mutual fund that is not actively-managed and simply tracks a benchmark index. That is, the investment company managing the mutual fund places the liquidity in securities represented in a certain index. Thus, when that index increases in price, so does the mutual fund, and vice versa. An exchange-traded fund is a prime example of an index fund. Many popular index funds track the S&P 500 and other S&P indices. See also: Closet index fund, SPDR.

market fund

References in periodicals archive ?
The Prime Money Market Fund will no longer be offered to institutional or retail investors after September 30, 2016 and will be closed to new investments at a date to be determined, pending final Board approval and appropriate notice to shareholders.
When Lehman Brothers fell in September 2008, the Reserve Primary Fund's exposure to the bank led the money market fund to write off $785 million in Lehman debt--and consequently to "break the buck," as its net asset value (NAV) fell below the crucial $1 per share to 97 cents.
Just over $1 of every $4 in mutual funds was in a money market fund at the end of the year.
In July of 2014, the SEC announced new money market fund reforms.
Money market funds usually invest in short-term notes issued by the federal government or private companies.
For more information, please look for the Alpine Municipal Money Market Fund Manager Profile to be published shortly on the Fitch Ratings web site www.
Vanguard Federal Money Market Fund reopens to all investors, without limitation
Money Market Fund Ratings' is available on the Fitch Ratings web site at www.
In addition, the company announced a series of planned mergers with the aim of strengthening and streamlining its money market fund offerings.
The regulations will be implemented in phases over the next 20 months and the resulting changes in Federated's money market fund lineup will take place over the same time frame.
Kellie Allen, Bryan White and Sheila Nye, who currently manage Evergreen's taxable money market funds, will manage the fund.
NEW YORK -- The Reserve Funds, the fund management company that launched the world's first money market fund and today manages a family of money market, equity and bond mutual funds, announced that balances in its cash sweep accounts have reached $1.