Money-Market Fund Assets Hit Record Highs Amid Surge in Investor Cash Reserves

Tuesday, 9 April 2024, 19:03

In a recent report, BofA Global Research highlighted that money-market fund assets have surged to a record $6.111 trillion, showcasing investors' strong preference for cash amidst a rising stock market trend. This massive cash reserve on the sidelines reflects a cautious approach, keeping a close watch on market developments.
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Money-Market Fund Assets Hit Record Highs Amid Surge in Investor Cash Reserves

Money-Market Fund Assets Surge to Record $6.111 Trillion

Assets in money-market funds have reached a new all-time high, with a significant increase witnessed in recent weeks. Investors seem to prefer holding on to cash rather than immediately investing in the stock market.

Key Highlights:

  • Record-Setting Assets: $6.111 trillion assets in money-market funds recorded last week.
  • Investor Sentiment: Growing trend of holding cash on the sidelines amid stock market movements.
  • BofA Global Research: Reports on the surge in money-market fund assets.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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