Talk:Money fund

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The statement that Reserve Fund was the first money fund in the world is inaccurate. At least one money market mutual fund, identical in every way to current money market funds, was set up and operational prior to the establishment of the Reserve Fund. This was Conta Garantia, founded in Brazil in 1968. It may be that the Reserve Fund was the first U.S. money market fund, but mention of the prior fund should not be deleted. Although the U.S. has the world's largest capital market, it is not the only market. The evidence is that the establishment of each of these two funds was independent of and done without being aware of the other.