MSIC 6431—Activities of money market funds

Where 6431 sits

1. L Financial and Insurance/Takaful Activities
2. 64 Financial service activities, except insurance and pension funding
3. 643 Activities of trusts, funds and similar financial entities
4. 6431 Activities of money market funds

Contains 1 narrower code

• 64310 Activities of money market funds

What 6431 includes

• Activities of money market funds, i.e., collective investment schemes that raise funds by issuing shares or units to the public, of which the proceeds are invested primarily in short-term assets, i.e., assets with a remaining maturity of one (1) year or less. Their units may be regarded as close substitutes for deposits.

What 6431 excludes

• Activities of non-money market investment funds, see 64320

6431 in other systems