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Effective cash management is critical when managing a de novo institution. Balancing liquidity needs with anticipated loan production while also trying to maximize the earnings on cash to offset the traditionally high expenses start-ups face is challenging. Shay's Asset Management Fund ("AMF") provides financial managers three institutional Funds to address these issues. All of these Funds are designed to comply with financial institutions' investment-related regulatory requirements and each is managed to fulfill a specific aspect of the aggregate cash/liquidity management process.
AMF Money Market Fund:
Invests in high-quality short-term money market instruments including assets subject to repurchase agreements. Inception 1981.
AMF Ultra Short Fund:
Invests primarily in high-quality mortgage-related securities, U.S. Government agencies and its instrumentalities, asset-backed securities, corporate backed securities and money market instruments. Typically maintains a duration ranging from 0.5 to 1 year. Inception 2001.
AMF Ultra Short Mortgage Fund:
Invests primarily in high-quality adjustable-relate mortgage and floating rate securities. Typically maintains a duration ranging from 0.5 to 1 year. Inception 1991.
All of these Funds are managed to meet the investment and liquidity needs of de novo and other financial institutions; all comply with the regulatory requirements for banks, thrifts and credit and all are registered with the Securities & Exchange Commission. Finally, all have been serving de novos and other financial institutions' cash management needs for at least five years or more.
To obtain a prospectus, contact the Fund's Distributor, Shay Financial Services, Inc., member FINRA and SIPC, at 1-800-527-3713. Read the prospectus carefully before you invest or forward funds. The prospectus contains more complete information about the Fund including fees and expenses.
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