News | 01.04.19
Investors Pile into Money Market Funds Amid Market Turmoil
U.S. money market funds took in $8.5 billion for the week ending January 2, according to data from the Investment Company Institute, taking the total to $175 billion over nine straight weeks of inflows, the longest such streak since October 2008. In the past week, investors withdrew $6.5 billion from U.S. equity funds, a fourth straight week of outflows, and $4 billion and $3.4 billion from U.S. high-yield bond and loan funds, respectively, according to EPFR Global. “The volatile markets and the high yields are drawing investor money into money market funds,” said Peter Crane, publisher of Crane Data.
Read the full article on Financial Times