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Federated Hermes, Inc. (FHI) Q4 2020 Earnings Call Transcript


Operator
Greetings. Welcome to FHI fourth quarter 2020 analyst call and webcast. [Operator Instructions] I will now turn the conference over to your host, Ray Hanley, President of Federated Investors Management Company. You may begin.
Ray Hanley
President
Thank you and good morning. Leading today s call will be Chris Donahue, CEO and President of Federated Hermes; and Tom Donahue, Chief Financial Officer; and joining us for the Q&A are Saker Nusseibeh, the CEO of the International business of Federated Hermes; and Debbie Cunningham, the Chief Investment Officer for Money Markets.
During today s call, we may make forward-looking statements and we want to note that Federated Hermes actual results may be materially different than the results implied by such statements. We invite you to review the risk disclosures in our SEC filings. No assurance can be given as to future results and Federated Hermes assumes no duty to update any of these forward-looking statem ....

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What is a Money Market Fund?


What is a Money Market Fund?
Posted on 01/09/2021
Definition of a Money Market Fund
A money market fund is a type of mutual fund that invests in highly-liquid, low-risk near-term instruments. These instruments include the following: cash, cash-equivalent securities, and high-rated fixed income securities with a short term maturity (example: U.S. Treasuries). Money market funds were designed to give investors high liquidity with a very low level of risk. Investors invest in these funds to manage cash or short-term savings. Money market funds are not FDIC insured, unlike money market accounts.
These funds behave like a mutual fund by issuing redeemable units or shares to investors. ....

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