Money Market Funds See Largest Weekly Inflow Since Pandemic
Global money market funds have experienced their largest weekly cash inflow since April 2020, according to Bank of America Securities. Total assets under management in these funds now stand at a record $8 trillion as investors continue to seek safe-haven investments amid ongoing economic uncertainty. The surge in inflows is attributed to higher Treasury bill yields, which have remained around 4.2%. This has made money market funds more attractive compared to other low-risk investment options during this period of elevated interest rates and geopolitical tensions.
Topics: assets under management cash inflows money market funds treasury bills