Qualifying Money Market Fund (QMMF)

A Qualifying Money Market Fund (QMMF) holds mainly short-term, low-risk financial assets, aiming to maintain a stable value. They are designed to keep your cash while earning a bit of interest. They are called "qualifying" because they meet certain regulations that allow them to be considered as cash equivalents. These regulations require QMMFs to maintain a low-risk strategy by investing in financial instruments such as government bonds. They are subject to higher regulatory scrutiny and must meet higher quality standards than other money market funds. Qualifying Money Market Funds can be held within an ISA wrapper.