Even as yields come off their highs, investors continue pouring into cash, Bank of America finds
Investors continue to flock to cash, as yields remain attractive.
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Investors continue to flock to cash, as yields remain attractive.
Nothing triggers investor anxiety like a weak week for stocks.
Next year should be another good one for money market funds, even amid anticipated rate cuts by the Federal Reserve, experts predict.
Investors wondering whether markets can continue their torrid rally are eyeing one important factor that could boost assets: a nearly $6 trillion pile of cash on the sidelines. Soaring yields have pulled cash into money markets and other short-term instruments, as many investors chose to collect income in the ultra-safe vehicles while they awaited the outcome of the Federal Reserve’s battle against surging inflation. Total money market fund assets hit a record $5.9 trillion on Dec. 6, according to data from the Investment Company Institute.
Investors wondering whether markets can continue their torrid rally are eyeing one important factor that could boost assets: a nearly $6 trillion pile of cash on the sidelines.