Sentences with phrase «retail money market»
The floating NAV rule is not likely to affect individual investors who invest in funds designated as retail money market funds.
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M2 includes M1, plus savings accounts, time deposits of under $ 100,000, and balances in retail money market mutual funds.
The iMoneyNet Treasury & Repo Retail Money Market Funds category includes only retail government funds that hold U.S. Treasuries and repurchase agreements backed by the U.S. Treasury.
The average yield on 7 - day retail money market mutual funds is a paltry 0.05 %.
Government and retail money market funds try to keep their net asset value (NAV) at a stable $ 1.00 per share using special pricing and valuation conventions.
In accordance with recent rule changes by the SEC, Putnam Money Market Fund intends to operate as a «retail money market fund» as defined by Rule 2a - 7.
However, the retail money market and retail municipal money market funds are not subject to the floating NAV pricing and will remain at the stable $ 1.00 per share price.
As of December 11, 2008, retail money market funds had $ 1.282 trillion in Assets Under Management (AUM), of which 77 % was in tax - exempt funds.