The global economy is going through high voltage fluctuations that have shaken the trust of many investors on different investment options available. Starting from small-time individual investors to small to large sized enterprises are looking for financial instruments they can invest in, which not only offers significant returns but can be easily liquidated as well. It is where the Money Market Fund comes in. The Money Market Fund was invented by Bruce Bent II’s father in 1970 along with another pioneer in the finance sector, Henry B. R. Brown.
The Money Market Fund are short term mutual funds that invest for short-term in liquid based monetary instruments such as bonds, securities, and other investment options. The face value of the money market fund remains constant at $1, which ensures some stability and cushion to the investors. Even though the money market fund may not be one of the most high-performance investment tools in the market, it certainly does add stability and sustainability to the investment portfolio, especially during the slow and volatile market. The Securities and Exchange Commission regulates the money market fund in the United States, and it can be bought from the banks, financial institutions, brokerage firms, and through mutual funds. The good part about the money market fund is that it also offers profits to the investors in the form of annual dividends.In most cases, there is no fees charge to the investors for entering or exiting the fund, and it comes without any additional loads.
Bruce Bent II studied at Northeastern University where he recieved his bachelor’s in philosophy. After college, he began a prestigous career in the financial industry following in his father’s footsteps. He currently serves as the President and Vice Chairman at Double Rock Corporation, which is one of the leading financial technology companies in the country. The company offers strategic cash flow and cash management solutions to enterprises, high net worth individuals, retail markets, banks, and lending institutions. Bruce Bent II is also the member of Entrepreneur’s Organization and Young Presidents’ Organization. His financial expertise and down-to-earth nature as helped him maintain a successful career in finances.
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