MutualFundWire.com: Alleluia, Short-Term Savings
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Friday, July 07, 2006

Alleluia, Short-Term Savings


A fund family that screens investments based on the teachings of the Roman Catholic Church has rolled out a new option for investors seeking liquidity.

The Ave Maria Money Market Account -- from Bloomfield Hills, Michigan-based Ave Maria Funds -- invests in short-term U.S. government money market securities through Automated Government Cash Reserves, a fund managed by a Federated Investors subsidiary. The Ave Maria Funds have approximately $400 million in net assets.

In a press release, Ave Maria Funds president George Schwartz said the company searched carefully for a conservative cash investment option to complement its five stock and bond funds.


Printed from: MFWire.com/story.asp?s=12176

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