Money Market Funds (MMFs) are common in the investment sector. They’re a type of mutual funds that focuses on gaining profits from debts and bonds. Many people have a misconception about this kind of funds. They believe that MMFs are safer than regular mutual funds. Investing in money market mutual funds doesn’t guarantee you profits. However, you can use various strategies to increase your ROI. Money market fund providers offer several investment options, including commercial paper, debt securities, and treasury bills.
MMFs give investment options to many people. Although the returns are low, investors still prefer money market mutual funds because they have other benefits, aside from profits. The risk of investing in MMFs is low. Also, it’s easier to identify investment opportunities when dealing with these mutual funds. Individuals, corporations, investment groups and financial institutions can benefit from money market funds. Investors can buy shares in the MMF market via banks and brokerage firms. They’ll earn returns in the form of dividends. The amount of profit depends on the number of shares you buy.
About Bruce Bent II
Bruce Bent II is the son of the Bruce Bent II the founder of MMF. He is one of the most popular investment managers in the world. He has served as a CEO and manager in many large corporations. Bent is the president of a leading financial technology firm called Double Rock Corporation. The company offers innovative business solutions to retail markets, brokerage firms and banks. As the senior-most executive at Double Rock, Bruce Bent II oversees investment operations and offers financial advice to clients. He also manages Intrasweep LLC., Access Control LLC., LIDs Capital and Landing Rock Group.
Mr. Bent II was the founding father of the money market fund. He created the first MMF in 1970. Originally, this mutual fund was known as the Reserve Fund. Bruce bought Brown stocks and started operating the company alongside his sons. The MMF industry is now valued at $3 trillion. Other key industry players respect Bent for his contribution towards the financial market. He holds talks at top learning institutions such as Harvard University. Bruce Bent II attended St. Johns University. He’s currently based in New York, where he lives with his wife and two sons.