Share this story
Close X
Switch to Desktop Site

Triple A plans money fund

The American Automobile Association, that roadside soother of people with fender-benders, flats, and dead batteries, is going to offer its members a nonautomotive help.

Beginning early in 1982, the 20 million members of AAA will be able to buy shares in a new money market fund designed for the organization by Mutual of Omaha Management Company. This affiliate of Mutual of Omaha Insurance Company will also act as fund adviser. Known as US Government Money Market Account Inc., the proposed no-sales-charge fund has been registered with the SEC, its shares to be sold only by prospectus at net asset value.

About these ads

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.