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But what's the Mutual fund doing with the money? Presumably chasing yield in CDs and the like. Isn't that putting money back into a bank?
by flerchin 3y ago
But what's the Mutual fund doing with the money? Presumably chasing yield in CDs and the like. Isn't that putting money back into a bank?
- jcfrei 3y agoMost money market funds will only invest in very safe and short term debt - ie. government debt. So the money ends up again in a bank - but usually that's one of the big commercial banks or the central bank.