Most investors park short-term cash in money market funds without realizing they could be handing a slice of every distribution straight to their state government. A newer ETF category changes that calculation in a way most people have overlooked.
Meeder Investment Management announced today that the Meeder Government Money Market Fund has received a AAAmmf rating from Fitch Ratings, the highest rating Fitch assigns to money market funds. The rating further strengthens the Fund's position as a cash management solution for public funds, institutions and other investors seeking liquidity, capital preservation and current income.
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