Exchange traded fund (ETF) provider WisdomTree has stepped into the actively managed fund ring with a money market ETF.
USY will seek to earn extra income, while preserving capital and giving liquidity by investing in the short term, high-quality money market instruments in U.S. dollars. WisdomTree says the fund is not a "money market" fund, however, and it is not the objective of the fund to maintain a constant share price.
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