Money market funds continue to attract record inflows and high yields.
TL;DR Summary
Investors are putting record amounts of money into money market funds as interest rates rise. These funds are considered a safe haven for cash, but investors should still do their due diligence in selecting the best one for their portfolio. Factors to consider include fees, minimum investment requirements, and the fund's investment strategy.
Topics:business#finance#financial-markets#interest-rates#investing#money-market-funds#portfolio-management
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- BofA clients injected $3.7B of capital last week, marking the largest inflow since October Seeking Alpha
- Investors Keep Moving Cash Into Money-Market Funds The Wall Street Journal
- Fidelity’s money market funds are crushing it The Boston Globe
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