US Dollar Money Market Fund

US Dollar Money Market Fund is a type of mutual fund in Saudi Arabia that invests in short-term, low-risk debt securities denominated in US dollars. These funds are designed to provide investors with a low-risk investment option that offers a higher return than a traditional savings account or money market account.

Although profits are not guaranteed, investors may normally anticipate earning a return that is slightly greater than the prevailing interest rates on savings or money market accounts. Furthermore, these funds often provide daily liquidity, which means that investors can buy and sell shares on any business day and obtain the fund's current net asset value (NAV).

This open-ended fund comes with low risk indicating that investors with a low-risk appetite can also begin their investment journey with this fund. Not only this but by investing in this fund, they get access to professional services.