What Are Money Market Funds – Archax

Cash management: Investors who wish to keep a portion of their portfolio in cash while deciding on other long-term investments may find the best UK money market funds attractive due to their safety and relative yield.

These funds aim to maintain a stable net asset value (NAV) of £1 per share, making them a popular choice for investors seeking a safe place to park cash with the opportunity to earn a return that typically exceeds that of a regular savings account.