Design of fund rating system in money market

With continuing depress in China stock market, money market fund is becoming an essential part of investment fund, and plays a increasing important role in fund market. However, the industry uses only a few simple indexes to evaluate money market fund, and lacks a complete rating system as a reference. This paper concerns money market, selects proper indexes, and applies analytic hierarchy process to construct indexes weight system. Also, the paper aims to improve fund rating system in money market, analyses basic performance of money fund, credit quality, integrated risk as well as fund management companies, and tries to help investors to make decisions as a reference.