Investors on the prowl for yield in cash-like investments put another $66 billion into money-market funds this week, bringing total assets to a record $5.2 trillion, according to the Investment Company Institute.

BING NEWS:
  • Money-Fund Assets Rise to $6 Trillion for First Time Since April
    Money-market fund assets rose for a second straight week, climbing above $6 trillion for the first time in nearly three weeks on expectations short-term rates will remain elevated after Federal ...
    05/2/2024 - 8:36 am | View Link
  • The 20 biggest money market funds
    the daily yields on prime money market funds have exceeded 5%, according to UBS. Compare that to other cash assets, and you can see why these funds have such appeal. The average one-year certificate ...
    04/24/2024 - 10:00 pm | View Link
  • Hedge Fund Industry Reaches $4.3 Trillion Milestone in First Quarter
    NEW YORK (Reuters) -The global hedge fund industry ended the first quarter with a record $4.3 trillion in assets, data provider HFR said on Monday. The industry added $190 billion in assets in the ...
    04/22/2024 - 4:10 am | View Link
  • Money-Market Assets Drop Most Since 2008 as Tax Day Takes Toll
    Money-market assets fell by the most since 2008, driven mainly by an exodus of institutional funds, as tax bills came due.
    04/18/2024 - 9:28 am | View Link
  • Money-Market Funds Look Like a Tempting Place for Your Cash. But Don’t Make This Mistake.
    Yields on money-market funds are above 5%, thanks to the Fed. But it’s a mistake to consider them as a permanent investment, Allan Sloan writes.
    04/18/2024 - 2:18 am | View Link
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