UK SIC 64.31—Activities of money market funds

Where 64.31 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 64.3 Activities of trusts, funds and similar financial entities
4. 64.31 Activities of money market funds

Contains 2 narrower codes

• 64.311 Activities of constant net asset value (cnav) money market funds
• 64.312 Activities of variable net asset value (vnav) money market funds

What 64.31 includes

• This class 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 1 year or less, and instruments that pursue a rate of return that approaches money market interest rates.
• Their units may be regarded as close substitutes for deposits.

What 64.31 excludes

• Activities of non-money market investment funds, see 64.32

64.31 in other systems