What are cash like assets?

Cash-like assets are financial instruments that can be quickly and easily converted into cash with minimal loss of value. They typically include cash itself, demand deposits, money market funds, and short-term government securities. These assets are characterized by high liquidity, low risk, and stable value, making them suitable for immediate use in transactions or as a buffer against unexpected expenses. Investors often hold cash-like assets for safety and to maintain liquidity in their portfoliOS.