"Investors Channel Record Cash into Money Market Funds Amid Rate Cut Reassessment"
TL;DR Summary
Money-market fund assets have reached a new record high, with total assets increasing to $5.965 trillion, driven by a significant inflow of $78.6 billion into government funds in the week leading up to January 3. This surge reflects investors' preference for safer investments to protect their cash at the year's end.
Topics:business#asset-growth#finance#financial-markets#government-funds#investment#money-market-funds
- Money-Market Fund Assets Rise to Record, Led by Inflows to Government Funds Bloomberg
- Investors Are Rushing to Cash at Record Pace in First Week, BofA Says Yahoo Finance
- Investors Flee to US Money Market Funds on Caution as Rate Cut Optimism Cools U.S News & World Report Money
- Global money market funds see big demand as rate cut euphoria fades Reuters
- Investors kick off 2024 with $123 billion record cash shift: BofA Yahoo Finance
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