Money market funds attracted $106 billion in August, a new record for fund inflows, with total assets hitting $6.24 trillion. Individual retail investors contributed $21.4 billion, while institutional investors added another $3.45 billion to the total.
Money markets are typically an alternative to cash. Money market balances tend to rise when investors are uncertain about the current economic outlook or fear a drop in the market.
Money market funds are likely to remain popular due to their yield and safe haven benefits, as is typical during periods of increased volatility.
#EyeOnVolatility
The form has been submitted successfully!
There has been some error while submitting the form. Please verify all form fields again.
