Money-market fund assets rise to $6.12 trillion
Other - JUNE 17, 2024

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Money-market fund assets rise to $6.12 trillion

by Lewis Dayton

Assets in money-market funds rose $28 billion in the week through June 12, reaching $6.12 trillion, data from the Investment Company Institute shows, Alex Harris and Carter Johnson wrote for Bloomberg.

The rise is in no small part due to expectations that Federal Reserve policymakers are not in a rush to cut interest rates.

Retail investors have been moving a lot of money into money-market funds since the interest-rate hikes began in 2022, while institutions could shift cash into the money funds once the Fed begins to ease monetary policy, as companies outsource cash management to capture yield, Harris and Johnson wrote.

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