An open-end investment fund meeting the following criteria:
1. the investment management corporation managing the fund shall make investments, preserving the fund's principal and providing a return in line with the interest rate on money market instruments, calculate the fund's net asset value and the price of its units on a daily basis, as well as sell and repurchase its units;
2. its investments shall be made in financial instruments with a residual maturity up to and including 2 years (for a short-term money market fund – up to and including 397 days), and time to the next interest rate reset date – up to and including 397 days);
3. the weighted average maturity of its investment portfolio shall be up to and including 6 months (for a short-term money market fund – up to and including 60 days) and the weighted average residual maturity shall be up to and including 12 months (for a short-term money market fund – up to and including 120 days).
Money market fund
Published: 03.02.2016
Updated: 18.07.2023