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  2. Money market fund - Wikipedia

    en.wikipedia.org/wiki/Money_market_fund

    A money market fund (also called a money market mutual fund) is an open-end mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. [1] Money market funds are managed with the goal of maintaining a highly stable asset value through liquid investments, while paying income to investors in the form of ...

  3. Closed-end fund - Wikipedia

    en.wikipedia.org/wiki/Closed-end_fund

    The price of a closed-end fund's shares is completely determined by investor demand, and this price often diverges substantially from the NAV of the fund assets. In contrast, the market price of an ETF trades in a narrow range very close to its net asset value, because the structure of ETFs allows major market participants to redeem shares of ...

  4. 2003 mutual fund scandal - Wikipedia

    en.wikipedia.org/wiki/2003_mutual_fund_scandal

    In the United States, mutual fund prices are set once daily at 4:00 p.m. Eastern time. "Late trading" occurs when traders are allowed to purchase fund shares after 4:00 p.m. at that day's closing price.

  5. Russian National Wealth Fund - Wikipedia

    en.wikipedia.org/wiki/Russian_National_Wealth_Fund

    The rainy-day Reserve Fund is used to buffer the national budget, which is strongly tied to the price of crude oil. The two funds were the Reserve Fund (SFRF), which was invested abroad in low-yield securities and used when oil and gas incomes fall, and the National Wealth Fund, which invests in riskier, higher return vehicles, as well as federal budget expenditures.

  6. SBI Mutual Fund - Wikipedia

    en.wikipedia.org/wiki/SBI_Mutual_Fund

    Launched on 29 June 1987, SBI Mutual Fund became the first non-UTI mutual fund in India. [8] In July 2004, State Bank of India decided to divest 37 per cent of its holding in its mutual fund arm, SBI Funds Management Pvt Ltd, to Societe Generale Asset Management, for an amount in excess of $35 million.

  7. Allspring Global Investments - Wikipedia

    en.wikipedia.org/wiki/Allspring_Global_Investments

    Allspring Global Investments was originally the asset management unit of Wells Fargo known as Wells Fargo Asset Management (WFAM) that was established in 1995. [2]In October 2020, Wells Fargo was exploring the sale of WFAM as part of its efforts to focus more on core competencies and improve its financial performance after the Wells Fargo cross-selling scandal.

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