The funds invest in high-quality money market securities
as determined by the investment manager.
Mutual funds may include investments in stocks, bonds, options, futures, currencies, treasuries and money market securities
. Depending on the stated objective of the fund, each will vary in regard to content and risk.
The Bangko Sentral ng Pilipinas (BSP) has approved an enhanced eligibility rule for banks applying to issue bonds and commercial papers, requiring their enrollment in a sanctioned market for debt and money market securities
Both factors contributed to the acceleration in the M2 money supply (taking into consideration cash, checking deposits, savings deposits, money market securities
, mutual funds, and other time deposits.)
M2 is a calculation of the money supply that includes all elements of M1, as well as 'near money.' M1 includes cash and checking deposits, while near money refers to savings deposits, money market securities
, mutual funds and other time deposits.
He said the relative uptick in returns from money market securities
led to the movement of funds from the capital market to the money market securities
PPFAS Long Term Value Fund invests at least 65% money in domestic equities and the rest in bonds, money market securities
and foreign equity markets.
Headquartered in New York City, and with five regional offices, CastleOak specialises in primary and secondary sales and trading of fixed income, equity, municipal and money market securities
"If they're going to want to maintain a certain return, then they will most likely seek direct money market securities
like commercial paper and [certificates of deposit]," he added.
The objective of the scheme, HDFC Capital Protection Oriented Fund - Series I is to generate returns by investing in a portfolio of debt and money market securities
which mature on or before the date of maturity of the Scheme.
It seeks to generate income from a portfolio constituted of debt and money market securities
, along with investments in Gold Exchange Traded Funds (ETFs).