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Zimele Asset Management Company, also Zimele (from Zulu, independent), is a Kenyan investment company licensed by the Retirement Benefits Authority (RBA) and the Kenyan Capital Markets Authority (CMA). [2] [3] [4] The company offers financial products and services such as unit trusts, pension funds, fund management services, [5] [6] [7] [4] and ...
A money market fund (MMF) is a mutual fund that pools money from many investors to buy safe short-term investments like government bonds and high-quality corporate loans. Money market funds aim to ...
Money market funds come with very low risk, but there have been instances where funds “broke the buck,” meaning their NAV dropped below $1.00, such as during the 2008 financial crisis. In ...
The Capital Markets Authority of Kenya (CMA) is a government financial regulatory entity responsible for supervising, licensing and monitoring the activities of the capital markets within the Republic of Kenya, market intermediaries, including the stock exchange, and the central depository and settlement system and all other persons licensed under the Capital Markets Act of Kenya.
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.
The Vanguard Federal Money Market Fund is about as safe as a money market fund can be. It invests at least 99.5% of its assets in cash, U.S. government securities and repurchase agreements backed ...
A money market fund (also called a money market mutual fund) is an open-end mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. [1] Money market funds are managed with the goal of maintaining a highly stable asset value through liquid investments, while paying income to investors in the form of ...
How money market funds work. Money market funds are regulated by the Securities and Exchange Commission, or the SEC, and are required to invest in short-term debt securities, such as certificates ...