Before we delve into what money market unit trusts are it is probably a good idea to have an understanding of what the ‘money market’ is. Most of us can conjure up images of the old-school stock market with traders shouting buy and sell prices from the floor, but the money market draws a blank. In simple terms the money market is where companies, governments and banks raise money by getting short-term loans from investors. In practical terms, all transactions are now done electronically through a network of buyers and sellers, sometimes in auctions run by the banks, and there is no central or physical location where the money market exists…
An explainer article I wrote for Allan Gray. Nothing worth shouting about really. But, the process of distilling the complexity shovelled at me by experts into clear, understandable words was rewarding (only after it was done tho).
Writer Gugulethu Hlekwayo
Editor Daniella Bergman
Publication Quarterly Commentary