Redeeming Money Market Funds
A money market redemption is the act of converting money market fund shares to cash. The redemption of money market funds from your brokerage account or bank is generally both quick and easy, and it can be done over the internet or by phone. Investors purchase and redeem money market shares at the full net asset value every day. To ensure the flow of money in and out of money market funds, the Securities and Exchange Commission strictly regulates the quality, liquidity, diversification and maturity of investments held by a money market fund.