When it comes to investing your money, you’ll probably know by now that you have numerous options to choose from.In fact, it can feel like a bit of a minefield and sometimes you may not know if you’ve made the right choice.Should you choose a bond fund, equity fund, property fund or a money market cash fund? Or any other type of fund?So, what is a Money Market fund?They are essentially unit trusts that aim to provide investors with an income from risk-free, short-term cash and cash-like holdings.Some investors have been selling their share funds and have opted for security by pouring millions into these types of funds. In our experience, this type of investor will tend not to have a proper risk assessed portfolio, rather a collection of disparate investments, and may be doing it all themselves.The money manager of their choice will place this money into bank deposits, certificates of deposit*, very short-term fixed interest securities and floating rate notes**.Most Money Market funds require relatively low minimum investments - typically around £500. They are also quite low-charging, typically with no initial charges and an annual management fee between 0.25% and 0.50%.So, in short, these funds are cheap, accessible […]

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