The Investment Company Institute posted a video entited, "Why Investors Use Money Market Funds." They say, "A money market fund is a type of mutual fund that invests in short-​term, high-​quality debt—​including US government securities, municipal securities, repurchase agreements, commercial paper, and other financial instruments. Money market funds pay dividends that generally reflect short-​term interest rates, and they are a critical source of financing for organizations of all kinds -- from businesses to nonprofits to governments. Both retail and institutional investors prize money market funds as a practical cash management tool that provides a wide range of benefits. These include a high degree of liquidity, a goal of principal preservation, low costs, and -- in some cases -- tax efficiency. Combine those with a transparent, diversified portfolio, a competitive market-​based rate of return, and strict regulation by the Securities and Exchange Commission, and you have one of the world'​s safest, most valuable investment products." For more basics on money funds, join us for our next Money Fund University educational conference "basic training" event at the Hyatt Regency in Boston, Mass., December 15-​16, 2022.

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