The New York Times writes, "A Simple Way to Benefit From Rising Rates: Buy Money Market Funds." The Jeff Sommer column states, "​Rising interest rates have wreaked havoc this year in financial markets. Yet they are an unambiguous boon in one unheralded arena: money market funds, where the higher rates almost immediately funnel more money to investors without major complications. This is a big exception to the other major effects of rising rates, which have made plenty of negative headlines because they are a drag on the economy, a burden for people seeking mortgages and a punishing hurdle for stocks. In the bond market, rising rates are a complicated, head-​spinning fact of life, setting off widespread losses, though they also promise better returns in the years ahead, as I noted last week. In comparison, money market funds are blessedly simple. If you'​re holding cash in them or are thinking of doing so, higher interest rates are something to celebrate right now." It explains, "That'​s because money market funds closely follow short-​term rate shifts by the Federal Reserve. On Sept. 16, the Federal Reserve raised its short-​term policy rate, the Fed funds rate, one quarter of a percentage point, to a range of 3.​75 to 4 percent. Money market rates began moving higher almost immediately. That said, they didn'​t jump a quarter point overnight, as the Fed funds rate did. Money market funds are invested in short-​term securities like Treasury bills, and it now takes about 36 days for all of these holdings to mature and be completely replaced with higher-​yielding investments, according to Crane Data, an independent financial market research firm. So …