Exchange-traded money market funds as a stable investment tool

A significant segment of the Russian financial market is the Moscow Stock Exchange money market, which makes it possible for market participants to enter into REPO transactions. The market channel of financial intermediation, which includes collective investment institutions, diversifies financing, reducing excessive dependence on the banking sector of borrowers in the financial market. The presented research is aimed at identifying the possibilities of exchange-traded mutual funds of the money market during a period of high interest rates on the market. To this end, an analysis of the financial market and financial intermediation in modern conditions was carried out, key factors of the development of the capital market and the money market at the present stage were identified, an analysis of the adaptation of the value proposition in the collective investment market was carried out in the context of tightening the policy of the Bank of Russia at the key rate, which led to a decrease in stock indices and a fall in the bond market. The following methods were used in the research: systematization, classification, logical analysis, comparative analysis, synthesis. The theoretical analysis was carried out in combination with the analysis of empirical material. The result of the study was to identify the role of exchange-traded mutual funds of the money market as an additional market channel for financing the economy and at the same time a tool for stable investments.