06.23.25
Investors Rush To Pour Cash Into $7.4 Trillion US Money Market Fund Industry
by: Alex Harris
Investors have poured more than $320 billion into U.S. money market funds so far this year, according to Crane Data LLC, with the investment vehicles now holding a record $7.4 trillion in assets. Since the Federal Reserve started raising interest rates in March 2022, total assets under management in U.S. money funds increased by about $2.5 trillion, and retail investors have accounted for about 60% of that, data from the Investment Company Institute show.
Read the full article on Bloomberg