Overview
Description
The iShares Premium Money Market Fund is a mutual fund designed to provide investors with a safe and accessible option for managing short-term investments. This fund primarily focuses on preserving capital and maintaining liquidity, making it a strategic choice for individuals seeking minimal risk. By investing in high-quality, short-term financial instruments such as government securities, certificates of deposit, and commercial paper, the fund aims to generate a stable income with interest rates pegged closely to prevailing market conditions. The iShares Premium Money Market Fund supports sectors across the broader economy by facilitating short-term financing needs for both institutions and corporations. Additionally, it plays a crucial role in the financial markets by providing a low-volatility option for investors, thereby contributing to market stability. This fund is often favored by investors looking to park their funds temporarily while transferring between investments or as a strategic allocation within a diversified portfolio. While it prioritizes security and accessibility, the iShares Premium Money Market Fund is an essential tool for cash management strategies.
About
Address
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Phone
1-800-474-2737
Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE