Welcome to IMET
Created in 1996, under the Intergovernmental Cooperation Act and the Illinois Municipal Code, IMET was formed to provide Illinois government agencies with safe, liquid, attractive alternatives for investing. IMET offers participants two separate vehicles to meet their investment needs.
The IMET Core Fund (fka the 1-3 Year Fund) is designed for public funds that may be invested for longer than one year. The 1-3 Year Funds carries the highest rating available (AAAf/bf) from Moody's. The IMET Core Fund performance is listed on IMET's home page.
The IMET Convenience Fund (CVF) is designed to accommodate funds requiring high liquidity, including short term cash management programs and temporary investment of bond proceeds. It is comprised of collateralized bank deposits, FDIC inusred certificates of deposit and US government securities. The current Convenience Fund rate is listed on IMET's home page.
IMET Annual Comprehensive Financial Report
Click here to download IMET's Annual Comprehensive Financial Report.
In this month's newsletter, read about upcoming conferences and events IMET will be attending, read our economic update, and view the August 2023 fund performance.Read more
In this month's newsletter, read about upcoming conferences and events IMET will be attending, find links to our most recent articles, read our economic update, and view the July 2023 fund performance.Read more
More changes to MMFs
To learn more about the Fitch downgrades follow the link below.Read more