Hi, Cash plus (Money Market Funds) invest in low-risk money ...

Moomoo Buddy commented on the course · Sep 26, 2024 16:21

Hi, Cash plus (Money Market Funds) invest in low-risk money market financial instruments such as government short-term bonds, and fixed deposits in banks. Below are some key features of money market funds.

● Quick Redemption
Put your uninvested cash to work by investing in MMF, which can be redeemed immediately at any time for trading stocks, IPOs, and mutual funds.

● No lock-up period
There is no lock-up period for money market funds. Investors can redeem them at any time after the units are confirmed. Therefore, investors can enjoy higher yield and the flexibility of redemption simultaneously.

● 0 redemption fee
There are no subscription fees and redemption fees.

Thank you.

@103538351：hi, I'm a newbie here, is cash plus somewhat similar to fixed deposit?