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REDDIT

How safe are Money Market funds?

I'm referring to a money market fund at a brokerage, not a money market account at a bank or credit union.

For example, this fund: https://www.capitalgroup.com/individual/investments/fund/afaxx

This is not insured by FDIC or NCUA. That's the key difference. These are uninsured. How safe is it to keep money there?