MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, July 7, 2006 Alleluia, Short-Term Savings A fund family that screens investments based on the teachings of the Roman Catholic Church has rolled out a new option for investors seeking liquidity. The Ave Maria Money Market Account -- from Bloomfield Hills, Michigan-based Ave Maria Funds -- invests in short-term U.S. government money market securities through Automated Government Cash Reserves, a fund managed by a Federated Investors subsidiary. The Ave Maria Funds have approximately $400 million in net assets. In a press release, Ave Maria Funds president George Schwartz said the company searched carefully for a conservative cash investment option to complement its five stock and bond funds. Printed from: MFWire.com/story.asp?s=12176 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |