The money market is a popular low-risk place to park money, typically for short periods of your time. if your pension fund or unit trust statement says a portion of your investments is in ‘cash’, a big chunk of that is probably invested in the money market.
WHAT IS THE MONEY MARKET?
It’s where companies and Government get short – term loans for anything from a day to a year. (For longer-term finance, they will issue shares or bonds). There are many different types of money- market instruments, which are all basically IOUs.