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Mullooly Asset Management, Inc

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Money Market Fund Rates

June 10, 2014 by Thomas Mullooly

 

To follow up from last week’s podcast, Tom put together a quick video explaining why money market fund rates are so low. After 2008, the SEC changed some rules that dictate the type of securities allowed to be held in money market funds. Some of the key requirements set have to do with liquidity. 10% of any money market fund has to be in securities that can be liquidated in just one day. Another 30% has to be in securities that can be liquidated within a week. No holdings within a money market fund may have a maturity exceeding 397 days. These limitations have been put into place by the SEC to help ensure we don’t “break the buck” again, like in 2008. These restrictions will also keep money market fund rates low until the Fed decides to raise short term rates.

Make sure to watch the video to hear more from Tom on this topic!

If you would like additional information regarding money market funds and their rules and regulations head over here: https://www.blackrock.com/cash/literature/whitepaper/us-money-market-funds-and-rule2a7.pdf

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Filed Under: Asset Management, Videos Tagged With: money market funds

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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