Short-Term Investment Fund

Short-Term Investment Fund

A mutual fund or other fund that invests exclusively in short-term, low-risk securities such as Treasury bills, money markets, and so forth. A STIF aims to protect the funds invested in it while also providing a (low) return. STIFs have exceptionally low management fees.
References in periodicals archive ?
Invesco operated the Invesco Short-Term Investment Fund, a multi-billion dollar collective fund composed of ERISA plan assets.
agreed Friday to pay $10.27 million to the Department of Labor to settle claims that the company violated the Employee Retirement Income Security Act by not disclosing losses to investors when its Invesco Short-Term Investment Fund's NAV dropped below $1.
Invesco Trust is a subsidiary of Invesco Ltd., an Atlanta-based investment management firm; the Invesco Short-Term Investment Fund (ISTIF) is a multibillion-dollar collective fund composed of ERISA plan assets.
In early October, Wachovia Bank limited nearly 1,000 colleges access to $9.3 billion held for them in a short-term investment fund. This raised concerns at some higher ed institutions about not being able to meet payrolls and operational expenses, while some smaller IHEs had to consider that the long-term effects might mean closing their doors for good.
US-based Wachovia Corp has limited the access of colleges on a short-term investment fund held by it.
"Short-term investment funds alone do not provide sufficient planning and personnel security.
The university began the current budget year with a $1.1 million shortfall in its operating budget, caused by lower earnings than expected from short-term investment funds, fewer annual fund donations and having 50 fewer students than expected.
Short-term investment funds have shifted into the crude oil market as stock prices have plunged due to the U.S.
The Korea Institute of Economy and Policy (KIEP), in a report on world economic flows, said short-term investment funds would continue to flow into these markets because the uncertainty in the global financial market would not clear for some time in the future.-- Asia Pulse
Japanese Prime Minister Keizo Obuchi called Tuesday for the disclosure of short-term investment funds and agreed with Malaysia's Prime Minister Mahathir Mohamad to raise the matter at the APEC summit.
([dagger]) Includes guaranteed investment contracts (GlCs), pooled GlCs, separate account GlCs, synthetic GlCs, traditional bank investment contracts and short-term investment funds (Although GlCs have come under fire in the past year, Buck's Richard Koski said he did not expect this to have an appreciable impact on the percentage of 401 (k) plan sponsors that will offer GlCs as an investment option "Sponsors want to have a fixed-income type of vehicle under their plans and these are still the most common of this type The problem cases are still few and far between; sponsors will be more selective in picking their providers.")
Full browser ?