Mutual funds and exchange traded funds . At last count there were approximately 8,000 different funds in the United States. 

Select an individual fund and brief summary following issues:

• What type of fund is it
• Is it actively or passively managed
• How is the fund diversified
• How has it performed
• What are the fees
• Is it part of a larger family of funds 

Mutual funds is a fund that invests in the short term debts securities .There are various types of funds in the United States of America each with different features from the other.Looking at the money market mutual fund for example,

Money market funds

These are types of funds which invests in the short term fixed incomes securities such as the bills of the treasury, the government bonds , banks acceptances and certificate of deposit. In money market mutual funds the the debt investments are traded with a maturity of between one day and one year.

Money market mutual funds are passively managed-This is because it follows a certain market index and it has no any management team to make the decisions regarding to investment.

For the performance, money market mutual fund is one of the most effective fund.It carries a low single digit of return. Also when compared to other corporate debt issues , the risks associated to it are generally low. Basically, it is a great and secure place for money parking .

The fees the money market mutual funds are generally cheap compared to other funds. Likewise,It offers a competitive APY and only needs a fee of 100$ minimum balance in order to open an account. It does not require any service fees so the earnings in your interest can not take a hit.

For diversification, the money market mutual funds has recently diversified in ways to offer a short maturity rate and fewer risks in credits .They comply with the regulatory standards regarding the quality and liquidity diversification. Also it have diversified in various styles allows individuals to invest in in other assets such as cash or bonds.

Money market funds is part of the largest family of funds in the United States of America.It is regulate under the investment company act of 1940.It is regarded as one of the important fund in United States which provides liquid to the financial intermediaries. The funds in money market are aimed at in maintaining a stable value of the assets through liquid investments so as to pay income to investors in form of dividends.