While other short-dated bond ETFs exist, the Texas Capital Government Money Market ETF is the first to follow the so-called Rule 2a-7 – a provision of a 1940s Securities and Exchange Commission law that governs money market funds.
| less than a minute read
The $6.3t money market industry just got its first ETF
“Money markets have gone unchallenged since ETFs began,” said Edward Rosenberg, head of ETF and funds management for Texas Capital.
