Columbia Money Market
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The Columbia money market offers the Columbia money market funds characterized by very high yields and liquidity.
Beneficiaries of the Columbia money market funds
The institutional investors are the major beneficiaries of the Columbia money market funds. They include the corporations, non-profit organizations, hospitals, foundations, insurance companies, colleges, universities and municipalities.
The following are the advantages of the Columbia Money Market Funds.
The Columbia money market offers the Columbia money market funds characterized by very high yields and liquidity.
Beneficiaries of the Columbia money market funds
The institutional investors are the major beneficiaries of the Columbia money market funds. They include the corporations, non-profit organizations, hospitals, foundations, insurance companies, colleges, universities and municipalities.
The following are the advantages of the Columbia Money Market Funds.
- The Columbia Money Market Fund diversifies the portfolio by investing in such high yielding instruments that minimizes the risk level.
- Due to the high degree of liquidity imparted to the investors, they are at liberty to purchase or redeem the shares without paying any penalty.
- The Columbia money market funds generate a fixed asset value.
- The investors can choose from an array of ten taxable and tax exempt money market mutual funds. This helps the investor to choose the fund that best suits his needs.
- Late day trading on the Columbia money market fund is allowed.
- The different Columbia money market funds may be discussed under the following heads:
- 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.
In order to have a snapshot view of the different investments that are required in these funds let us view the following table.
Initial investments ( non retirement account) |
Initial Investment (Class Z) |
Initial Investment (Retirement account) |
Subsequent investments |
Automatic investments |
|
Columbia Cash Reserves |
$2500 |
$2500 |
$1000 |
$50 |
$50 |
Columbia Government Reserves |
$2500 |
$2500 |
$1000 |
$50 |
$50 |
Columbia Treasury Reserves |
$2500 |
$2500 |
$1000 |
$50 |
$50 |
Columbia Tax Exempt Reserves |
$2500 |
$2500 |
$1000 |
$50 |
$50 |
For more details of the Columbia Money Market sites to be viewed are columbiacu.org, cme.com, columbiafunds.com etc.