Invest Imet

Invest Imet

  • 1616 E Golf Rd
  • Des Plaines, Illinois
  • 60016

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Description

IMET is an investment fund controlled by and for public managers and finance officers, enhancing investment opportunity. The Illinois Metropolitan Investment Fund (IMET) was developed in July 1996 as a cooperative endeavor to assist Illinois public entities with the investment of their intermediate-term dollars. IMET was established as a not-for-profit investment fund under the Illinois Municipal Code. Currently serving more than 160 municipalities and related governmental bodies, IMET offers two separate investment vehicles to meet the investment needs of public funds. The IMET 1-3 Year Fund has a fluctuating net asset value and an average maturity of one-to-three years. Designed for public funds that may be invested for more than one year, IMET invests exclusively in US government-backed securities (Treasuries and agencies). The IMET Conveniences Fund is a fully collateralized, short-term money market instrument for the convenient investment of bond proceeds, for the temporary...

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