Are money market mutual funds fdic insured?

Question

0

Illingworth 0 Comments

Do you know if FDIC insures investments in mutual funds? I have a portfolio of investment but due to the recent financial crisis (which does not seem to have been fully passed), I am trying to see if my investment is secure.

1 Answer

score 0 · Answer 1 · 2012-12-02T15:44:38+00:00

No, FDIC secures current, saving and other bank accounts. There are not investments per se. Investing in a mutual fund is a different story and FDIC does not insure these kind of investments. You should obtain adequate information for the risk profile of the fund you have invested your money in.