09.27.24

When Will Money Market Funds Lose Their Allure?

by: Jonathan Weil and Ben Foldy

Money market fund (MMF) assets reached a record $6.76 trillion last week, based on Crane Data going back to 1998. Income generated from MMFs surged to more than $27 billion in August, a record on an inflation-adjusted basis in Strategas Securities data going back to 1990. The trillions sitting in MMFs is a focus of asset managers, which have been trying to divine what the sum will mean for the path of stocks should a shift occur to equities.

Read the full article on The Wall Street Journal