Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

money funds

Also known as money market funds, these funds invest for institutions or individuals only in short-term debt securities, mostly cash and cash equivalents. The investments usually provide a source of liquidity to investors.

Retail open-ended money market mutual funds were first established in 1972.