These pools are important investments tools, offering safety with a competitive yield.
Despite these failures, GIPs are required to provide regularly reporting and disclosure to its participants, fund investors.
Investments may include, but are not restricted to, certificates of deposit (CD), US Treasuries, US Agencies, repurchase agreements, and commercial paper.
Similar to any fund, a GIP follows a set of investment guidelines imposed by the board.
Even though the SEC does not regulate GIPs, the pools seek to maintain safe investment strategies.