SIC Code 6722-01 - Money Market Funds
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SIC Code 6722-01 Description (6-Digit)
Money Market Funds are a type of mutual fund that invests in short-term, low-risk securities such as government bonds, certificates of deposit, and commercial paper. These funds are designed to provide investors with a safe and liquid investment option that offers a higher yield than traditional savings accounts. Money Market Funds are regulated by the Securities and Exchange Commission (SEC) and are required to maintain a stable net asset value (NAV) of $1 per share.
Hierarchy Navigation for SIC 6-Digit Code 6722-01
Parent Code (less specific)
Tools
- Commercial paper
- Certificates of deposit
- Treasury bills
- Repurchase agreements
- Banker's acceptances
- Government bonds
- Municipal bonds
- Corporate bonds
- Assetbacked securities
- Shortterm loans
Industry Examples of Money Market Funds
- Treasury Money Market Funds
- Municipal Money Market Funds
- Corporate Money Market Funds
- Prime Money Market Funds
- Government Money Market Funds
- TaxExempt Money Market Funds
- Institutional Money Market Funds
- Retail Money Market Funds
- ShortTerm Bond Funds
- UltraShort Bond Funds
SIC Code 6722-01 - Money Market Funds
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