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What do money market funds invest in?

Money market funds (MMF), which are short-term and Low Volatility Net Asset Value (LVNAV), mainly invest in high-quality money market instruments (such as government securities, bank obligations, commercial paper), high-quality securitisation and asset-backed commercial paper, deposits with credit institutions, repurchase agreements, and reverse repurchase agreements. 

To understand more about the investment strategies of the MMF you invest in through Flexible Accounts, please refer to the section titled 'Investment objectives and policies' in the Fund's Prospectus.