Top Money Market
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For economy of space we have discussed in details the US Money Market and the Columbia Money Market.
US Money Market
The US Money Market is one of the top money markets of the world. The US Dollar Money Market Fund is one of the most important funds in the US Money Market. The US Dollar Money Market Fund which was introduce in March 2000 is an open ended mutual fund satisfying the needs of those small investors who require a high and secure source of income.
The portfolio of this fund is diversified by investing in a large variety of securities that are dollar denominated and generate fixed income. The securities that they invest in are the government securities, corporate securities or the money market instruments.The Weiss Fund is another US Money Market fund of one of the top money market-the US money MarketThe Weiss Fund is another US money market fund. The portfolio manager keeps track of the strengths and weaknesses of the US money market in deciding on the money market instruments that should comprise the funds.
The US money market securities in which the investments are made are the following:
US Treasury Securities: The different US Treasury Securities differ from each other on the parameters like interest rates maturities and the dates of issuance. The treasury bills have maturity periods of less than one year, the treasury notes have an initial maturity of one to ten years whereas the treasury bonds have an initial maturity of greater than ten years. The principle and the interest is guaranteed by the government.
Repurchase agreements: The fund that enters into the repurchase agreement sells the securities and agrees to repurchase them at a pre defined date which is within seven days of purchase.
Other Mutual Funds: The Weiss Fund also invests in mutual funds that invest in the US Treasury Securities.
The Columbia Money Market
The Columbia money market deals with different Columbia Money Market funds that invests in different money market instruments like the following:
Columbia Cash Reserves: The Columbia Cash Reserves preserve the principal value and also provides high liquidity in generating the current income.
Columbia Government Reserves: Investment in the Columbia Government Reserves generates high income together with fluctuation of the principal.
Columbia Treasury Reserves: The Columbia Treasury Reserves almost has the same investment goal as the Columbia Cash Reserves.
Columbia Tax Exempt Reserves: The investors of the Columbia Tax Exempt Reserves can maintain their principal value and at the same time can enjoy income that is free from the federal taxes.
