James Alan Miles, Thesis Supervisor James Alan Miles, Thesis Supervisor Chris Muscarella, Faculty Reader James Alan Miles, Thesis Honors Advisor
Keywords:
money market funds ultra-short bond funds ultrashort ultra short mutual funds
Abstract:
This thesis explores the investment vehicles known as Money Market Funds and Ultra-Short Bond Funds. Both types of funds are commonly used to invest short term cash savings as an alternative to a conventional bank savings account or certificate of deposit. Since both funds are marketed towards prospective investors to fulfill the same need, understanding the differences between the two will help individuals make better investment decisions. The key components of the two types of funds being explored will be their respective risk and return profiles, both historically and in the contemporary economic climate.
