Money market funds see surge in cash inflows amid financial uncertainty.
TL;DR Summary
Investors are pouring cash into US money market funds as they flee bank turmoil caused by the coronavirus pandemic. The funds have seen inflows of $1tn since February, with investors seeking safety and liquidity. The trend has been driven by institutional investors, who have been using the funds to leverage their positions in the market.
- Cash pours into US money market funds as investors flee bank turmoil Financial Times
- Big week for money market funds amidst financial turmoil Fox Business
- Money Market Funds Get Biggest Cash Inflow Since Early 2020 Bloomberg
- Global money market funds draw massive inflows in week to March 15 Reuters
- Cash in your brokerage account may be costing you thousands MarketWatch
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