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Are money market mutual funds secure?



Our response:

Money market funds invest in short-term fixed income securities such as government bonds, treasury bills, bankers’ acceptances, commercial paper and certificates of deposit. They are generally a safer investment (although no investment is completely risk-free), but with a lower potential return than other types of mutual funds.

Canadian money market funds try to keep their net asset value (NAV) stable at $10 per security.

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