Money-Market Fund Assets Hit Record Highs Amid Surge in Investor Cash Reserves
Tuesday, 9 April 2024, 19:03
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.